"The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit...But the fact is that there are now more claims outstanding than real assets...In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value...Deficit spending is simply a scheme for the confiscation of wealth."
It's not Ron Paul. But it is another well-known libertarian, speaking in 1966.
Speaking of changing values, "Seanbaby," a local columnist for a free San Jose local magazine, writes a humorous column. This is from his most recent column: "What our parents wouldn't dream of doing until they were married and strapped into safety equipment is how children say hi to each other today. Hell, I couldn't believe what 15-year-olds did when I was 16. We're less than a generation away from Baby Gap selling thong panties." (The Wave, Vol. 8, Issue 10) Absolutely hilarious.
"And if an epitaph be my story, I'd have a short one ready for my own: I had a lover's quarrel with the world." -- Robert Frost
1 comment:
I wish I had been surprised.
Let's see: deficit spending is bad. But in 2001, he feared that we would get rid of the deficit and end up with (effectively) a Sovereign Wealth Fund.
So he p*ss*d away my then-unborn daughters's future instead, returning the annual budget to increasing deficits. And backstabbed Paul O'Neill in the process.
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