The Swindle
This is an excerpt from the latest commentary on straightlinelogic.com.
Freedom and innovation fuel rising productivity and wealth. Under capitalism, the gold prices of stock averages—a measure of wealth—should show a rising trend, which they did from 1792 until 1929. There have been higher gold/stock average prices since 1929, but that year’s crash broke the trend, and tellingly, those prices are less now than they were then. This reflects the damage inflicted on the nation’s economy not just by central banking, but taxes, regulation, governmental debt and its promotion of private debt, bailouts, and criminalization of various forms of enterprise. In two weeks taxes are due and taxpayers will grumble how much the government steals from them. The grumbles are more than justified; most honest, productive people have no idea how much the government and its central bank have actually stolen.
Freedom and innovation fuel rising productivity and wealth. Under capitalism, the gold prices of stock averages—a measure of wealth—should show a rising trend, which they did from 1792 until 1929. There have been higher gold/stock average prices since 1929, but that year’s crash broke the trend, and tellingly, those prices are less now than they were then. This reflects the damage inflicted on the nation’s economy not just by central banking, but taxes, regulation, governmental debt and its promotion of private debt, bailouts, and criminalization of various forms of enterprise. In two weeks taxes are due and taxpayers will grumble how much the government steals from them. The grumbles are more than justified; most honest, productive people have no idea how much the government and its central bank have actually stolen.
