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Reply #4: "coin Money, regulate the Value thereof" [View All]

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Home » Discuss » Topic Forums » Economy Donate to DU
TexanRudeBoy Donating Member (71 posts) Send PM | Profile | Ignore Tue Aug-31-10 10:48 AM
Response to Reply #2
4.  "coin Money, regulate the Value thereof"
No where does that give the government the right to steal money from the public through inflation. Our founders absolutely abhorred paper money backed by nothing because they understood the consequences. What we are experiencing now is the unraveling of nearly 40 years of inflation since the collapse of Bretton Woods. We've been in a constant bubble state for the entire time, never actually allowing a recession to clear the malinvestments from each one.
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