Part 2, in addition to my last comment, here’s the links mentioned. These address your points on recovering lost knowledge and experience (the necessity and practical utility of sound money was understood millennia ago), and the true nature psychopathy (the mechanics of the effects of inflation on the brain, from ancient Egypt, to Weimar…
Part 2, in addition to my last comment, here’s the links mentioned. These address your points on recovering lost knowledge and experience (the necessity and practical utility of sound money was understood millennia ago), and the true nature psychopathy (the mechanics of the effects of inflation on the brain, from ancient Egypt, to Weimar, to Keynes’ quote below. For example:
“If anyone is curious, here are the sources and links I mentioned in my first comment, below: The Mises Institute is perhaps the very best on the issue. These videos are short and very easy to understand: "Why Study Money?" https://youtu.be/qIQg6TdJsgo?si=0DhW72Ac8WCxgdqt
Whatever we feel about politics, or libertarianism, this book is perhaps the best, most concise introduction to why we need to End the Fed: End the Fed https://mises.org/library/end-fed-1
Lastly, it’s important to note that Karl Marx noted that central banks like the Fed are necessary for communism. Central banks are the 5th plank of communism in “The Communist Manifesto.” Read that again, and ask yourself: how many planks of communism already exist in the US’s federal government? These planks are the problem, not liberty or liberalism.
Lastly, speaking of communism, we must remember the warnings from the architect of Western economies, J.M. Keynes. Keynes is responsible for much of the economic ills we suffer through today. But he was correct when he wrote the following. The Fed’s inflation not only impoverishes us and destroys our money and liberty, but it also negatively alters our micro, individual choices and behavior. Let this quote sink-in, and think through the implications. Keynes is describing what we see all around us, today:
“Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security but [also] at confidence in the equity of the existing distribution of wealth.
Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become "profiteers," who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.
Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.
In the latter stages of the war all the belligerent governments practiced, from necessity or incompetence, what a Bolshevist might have done from design. Even now, when the war is over, most of them continue out of weakness the same malpractices. But further, the governments of Europe, being many of them at this moment reckless in their methods as well as weak, seek to direct on to a class known as "profiteers" the popular indignation against the more obvious consequences of their vicious methods.
These "profiteers" are, broadly speaking, the entrepreneur class of capitalists, that is to say, the active and constructive element in the whole capitalist society, who in a period of rapidly rising prices cannot but get rich quick whether they wish it or desire it or not. If prices are continually rising, every trader who has purchased for stock or owns property and plant inevitably makes profits. By directing hatred against this class, therefore, the European governments are carrying a step further the fatal process which the subtle mind of Lenin had consciously conceived. The profiteers are a consequence and not a cause of rising prices. By combining a popular hatred of the class of entrepreneurs with the blow already given to social security by the violent and arbitrary disturbance of contract and of the established equilibrium of wealth which is the inevitable result of inflation, these governments are fast rendering impossible a continuance of the social and economic order of the 19th century. But they have no plan for replacing it....”
Part 2, in addition to my last comment, here’s the links mentioned. These address your points on recovering lost knowledge and experience (the necessity and practical utility of sound money was understood millennia ago), and the true nature psychopathy (the mechanics of the effects of inflation on the brain, from ancient Egypt, to Weimar, to Keynes’ quote below. For example:
“If anyone is curious, here are the sources and links I mentioned in my first comment, below: The Mises Institute is perhaps the very best on the issue. These videos are short and very easy to understand: "Why Study Money?" https://youtu.be/qIQg6TdJsgo?si=0DhW72Ac8WCxgdqt
This is another outstanding introduction: "What has government done to our money?" https://mises.org/library/what-has-government-done-our-money
Whatever we feel about politics, or libertarianism, this book is perhaps the best, most concise introduction to why we need to End the Fed: End the Fed https://mises.org/library/end-fed-1
or https://www.amazon.com/End-Fed-Ron-Paul/dp/0446549177/ref=sr_1_1?crid=GU0CI5UEEHPM&keywords=end+the+fed&qid=1699190644&sprefix=end+the+%2Caps%2C214&sr=8-1
Now, for CHRISTIANS, it’s vital to note that there is a Biblical mandate for sound money. Think of the possibilities, if Christians across the US understood and internalized what the Bible says about sound money. Here are two excellent books on the subject: "The Ethics of Money Production" https://mises.org/library/ethics-money-production (here's podcast on the book: https://mises.org/library/guido-hulsmann-ethics-money-production )
"Honest Money": https://mises.org/library/honest-money
Here’s an excellent, entertaining and humorous approach, in a 7 minute rap video: https://www.youtube.com/watch?v=d0nERTFo-Sk
Lastly, it’s important to note that Karl Marx noted that central banks like the Fed are necessary for communism. Central banks are the 5th plank of communism in “The Communist Manifesto.” Read that again, and ask yourself: how many planks of communism already exist in the US’s federal government? These planks are the problem, not liberty or liberalism.
Lastly, speaking of communism, we must remember the warnings from the architect of Western economies, J.M. Keynes. Keynes is responsible for much of the economic ills we suffer through today. But he was correct when he wrote the following. The Fed’s inflation not only impoverishes us and destroys our money and liberty, but it also negatively alters our micro, individual choices and behavior. Let this quote sink-in, and think through the implications. Keynes is describing what we see all around us, today:
“Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security but [also] at confidence in the equity of the existing distribution of wealth.
Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become "profiteers," who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.
Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.
In the latter stages of the war all the belligerent governments practiced, from necessity or incompetence, what a Bolshevist might have done from design. Even now, when the war is over, most of them continue out of weakness the same malpractices. But further, the governments of Europe, being many of them at this moment reckless in their methods as well as weak, seek to direct on to a class known as "profiteers" the popular indignation against the more obvious consequences of their vicious methods.
These "profiteers" are, broadly speaking, the entrepreneur class of capitalists, that is to say, the active and constructive element in the whole capitalist society, who in a period of rapidly rising prices cannot but get rich quick whether they wish it or desire it or not. If prices are continually rising, every trader who has purchased for stock or owns property and plant inevitably makes profits. By directing hatred against this class, therefore, the European governments are carrying a step further the fatal process which the subtle mind of Lenin had consciously conceived. The profiteers are a consequence and not a cause of rising prices. By combining a popular hatred of the class of entrepreneurs with the blow already given to social security by the violent and arbitrary disturbance of contract and of the established equilibrium of wealth which is the inevitable result of inflation, these governments are fast rendering impossible a continuance of the social and economic order of the 19th century. But they have no plan for replacing it....”
Read the rest: Commanding Heights : https://www.pbs.org/wgbh/commandingheights/shared/minitext/ess_inflation.html