Arkansas Watch | The government devaluing of the dollar

Wednesday, August 11, 2010

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Recently I have written a good bit about how the government is soon going to destroy the dollar. They may not want it destroyed, but their actions will guarantee it. Siphoning value out of a currency through inflation is a hidden tax increase. They get to spend money, without angering you by taking any of your dollars in taxes. Instead of taking the dollars, they simply siphon the value out of those dollars. This sneaky maneuver leaves you with the same amount of dollars, but those dollars won’t buy as much. The difference in value is in new money that they created. They spend this new money on what they want, the same as if they took it from you in taxes.

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Opinion, Pages 4 on 08/11/2010

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