With legal tender irredeemable paper-ticket or electronic “money,” the amount of money that government can create out of nothing is unlimited.
With easy access to unlimited created-out-of-nothing paper money, spending by politicians is unlimited.
Unlimited government spending is the precursor to unlimited government.
Unlimited government is the very definition of totalitarianism.
That is not what we want nor what we are supposed to have.
Indeed, the magic of America is that it is the only government in the history of nations that by design was supposed to be limited.
If the government were sovereign, why does the Constitution have enumerated powers in Article 1, Section 8?
Under the Constitution, the people are sovereign for domestic affairs, not politicians.
In The Federalist Papers, James Madison pointed out that limiting government power with the Constitution can be a mere “parchment barrier.”
As a practical matter, how can the people enforce limited government?
Some argue that the people exercise their sovereignty at the ballot box.
The Constitution’s monetary powers and disabilities in Article 1 Section 8 and Article 1 Section 10, taken together, give the people potent power to limit government.
Those provisions require that our money be gold and silver coin.
Consequently, politicians can get money only by taxing or borrowing it. Selling public lands and licenses are minor exceptions.
People resist higher taxation; they are likely to vote out of office politicians who raise taxes.
If there is excessive government borrowing, interest rates increase.
People engaged in capital-intensive enterprises, such as manufacturing, disfavor excessive spending financed by borrowing.
Politicians who borrow too much, especially for projects not favored by the electorate, such as wars of adventure, are also vulnerable come reelection time.
In this way, gold and silver money may limit government power.
It follows that gold and silver coinage is necessary, but possibly not sufficient, to have a free society.
ConstitutionalMoney.org will give you the knowledge you need to understand the usurpation of our Constitution’s monetary provisions and how to recover.
As things stand now, we follow in the same steps as Venezuela.
You need to invest time to learn how to save yourself.
Protecting your family, community, and country from the governance debacle at our door is essential for America to be once again “the land of the free.”
The Surest, Quickest Way to Destroy America:
“Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . 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 can diagnose.”
John Maynard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
“If, however, a government refrains from regulations and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer.”
John Maynard Keynes, The Economic Consequences of the Peace, 1920, page 240