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If Obama Can Just Create A Trillion Dollar Coin, Then Why Do We Have To Pay Taxes?

"It sounds crazy, but many notable voices (including Paul Krugman of the New York Times) are supporting this idea. But if the federal government has had the power to create trillion dollar coins out of thin air all this time, then why do we have to pay taxes? Not only that, why do we have a national debt? If the federal government can just create money whenever it wants, then why does the federal government ever have to borrow it from others?"

http://theeconomiccollapseblog.com/archives/if-obama-can-jus...

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Lol. I know, right? Assuming

Lol. I know, right?

Assuming that the question isn't meant to be sarcastic, the answer has to do with inflation. Basically, the gov't can manipulate the money supply both coming and going. The new money adds to the total supply. OTOH, some of the money supply must be returned to the gov't in the form of taxes payed to the gov't, which are spent on blowing things up and other unproductive and unprofitable ventures. This is the vessel the gov't uses to transfer wealth while keeping the prices stable.

It's all a game. More money is not the same thing as more stuff, and money is only valuable because it is what we exchange for the stuff we want. In the end, someone has to make the things we want, and that someone has to be payed, so they can get the things they want. The only way to have more stuff is to make more stuff. This is "Say's Law".

"I do not add 'within the limits of the law,' because law is often but the tyrant's will, and always so when it violates the right of an individual."

If You Hold Dollars, You've Got to Be Wondering

This stunt should make it even more obvious that the dollars we have are worthless.

Why not mint one for each of us?

What do you think? http://consequeries.com/

The failure of this country

is that there are throngs of idiots who have no problem using force and fraud to get what they want!

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Freedom - Peace - Prosperity