Wednesday, December 19, 2007

Long before Ron Paul, JFK tried to give us Hard Money.

In other words, if you do a dollar's worth of work and are paid a dollar, but that dollar is invisibly devalued by a dime over the next year, you have been taxed. But when you have a currency that is not backed by anything, it's very easy to conceal that tax by manipulating the money supply.

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