Sunday, October 13, 2013

Wrecking an Economy Over a Number

     The way things stand now, in America, the U.S. government has an unlimited power to print money--thus inflating everyone's dollars so they are worth less.  The crucial question in the current political-economy is not will the Fed inflate, but can the Fed inflate.  In my view, if government is even given the ability to print more money, then our dollars are lost.

Hundreds of years ago, there weren't digital mainframes that managed numbers in the American economy.  To inflate, money had to actually be printed on a printing press.  But, the way things are now, all the government has to do is type up a number in the trillions on a keyboard, and send it into the economy.  What kind of unlimited power is that?

Obama has fundamentally wrecked the American economy far worse than most of us know.  The mainstream media keeps pointing to the DOW and NASDAQ averages of the biggest companies, while the government types up numbers and sends them to their friends to keep these numbers afloat.  The strength of the U.S. economy is an artificial illusion.  Obama's plan, when its value crashes, is to find some good guys to try to blame in his attempt to set up a repeat of the same disaster that inflation and other types of government controls in economics have been wrecking throughout the centuries.

Paul Wharton
Objectivist Capitalist Medicine Promoter

Special thanks to Eli Lilly & Co. (LLY) for being the fuel of my mind

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