Wednesday, May 18, 2022

Random Thoughts

US Treasury Notes are counted as part of the national debt. US Federal Reserve Notes (i.e. the cash held in your pocket) are not. Both are obligations of the federal government and are guaranteed by Uncle Sam. We shouldn't obsess over swapping one for the other. Waste of time.

Paying federal taxes doesn't "fund" the government's spending programs. It preserves the value of our currency and, in doing so, protects our monetary sovereignty. Monetary sovereignty and national sovereignty are tied at the hip. We cannot be truly "free" as a nation if we do not have control of our own currency.

Finance is a Social Science. It concerns the interaction between money and businesses, both of which are ostensibly social concerns, with shared roots in property laws.

The study of economics without consideration for laws and institutions is fraudulent.

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On Inflation

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