END JEWISH LIBERTARIANISM: — “How can a government, that’s $28 trillion in debt

END JEWISH LIBERTARIANISM:

— “How can a government, that’s $28 trillion in debt, spend trillions of dollars that it does not have? Well, one major way is the Federal Reserve creates money-out-of-thin-air and then ‘loans’ it to the government by buying the government’s bonds.” — Ron Paul

RON: Serious Questions:

1) What right do savers have to the preservation of the purchasing power of a fiat currency?

2) What right do lenders have to the preservation of the purchasing power of debt+interest?
If these gains are obtained at the expense of supply?
AFAIK, none.

4) Why does anyone have a right to produce an artificial scarcity?

5) the only answer to this question is:
… a) contractual frictions created for business velocity (production cycles), and;
… b) friction on the ability to save for retirement.

6) So, is (a) true? And can (b) be solved?


Source date (UTC): 2021-06-20 19:18:00 UTC

Original post: https://gab.com/curtd/posts/106444664370106605

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