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Why pay taxes since the government prints money

09/27/05

Permalink 09:11:13 am, by Jeremy Email , 33 words, 2251 views   English (US)
Categories: Interesting Articles

Why pay taxes since the government prints money

The linked article is about the federal deficit, and why it doesn't matter, since the government can make money at will. This is an interesting concept, that I need to read more about.

Comments, Pingbacks:

Comment from: eoin [Visitor] Email
hi,as far as i know the government only prints 5% of the national currency. priviate banks - like the federal reserve! - print the 95% which it then loans to the government. the government must pay this back to the banks with interest.sound corrupt?
PermalinkPermalink 04/23/07 @ 07:19
Comment from: Jeremy [Member] Email · http://www.deadbeef.com
You are missing the point. It doesn't matter who operates the printing presses, and the federal reserve is much like a local utility: Since it is the only licensed monopoly and is heavily controlled by the federal government, it can be considered to be a branch of the government, even if it technically is not.
PermalinkPermalink 04/30/07 @ 23:12
Comment from: jesse [Visitor] Email
Both sides to this debate have decent point, which i will not go into at this moment. I think the main issue that should be addressed, somehting that will prove one sides contention, is what is used as collateral with these loans. The conspiracy theorist point of view is that the main internation bank need simply claim their money and they would be able to foreclose on the government and in a sense take over, completing the dictorial instilatin progress that we've been seeing for the past few decades. So,is the federal government really the collateral that is used? Is there collateral in these loans? No doubt, it is strange that an entity that prints all the money would then loan it to a government at interest, thus ensuring they owe more than is possible to pay back; but, is this really pertinent. Let me know what y'all find on this. I am just beginning to look at it in a critical perspective. i suggest everyone do the same instead of holding obsitnate and groundless positions.
Regard, Jesse Lyles
PermalinkPermalink 09/21/07 @ 16:29

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