A Cruddy and Dangerous Monetary System

Source: Future of Freedom Foundation
by Jacob G Hornberger

“For a long time now, I have been maintaining that America’s cruddy monetary system was headed toward a crack-up. Of course, it’s always impossible to predict the exact timing of such a crack-up but it’s not difficult to predict that at some point in time, the crack-up will occur. For a long time now, we have seen out-of-control federal spending on the welfare-warfare state, spending that far exceeds the amount of tax revenues being collected by the federal government. The difference has been borrowed. The federal government’s debt now exceeds $31 trillion. Assuming that the debt will be repaid, that sum will be collected from taxpayers. Each taxpayer’s share of the debt is $246,000.” (03/13/23)