Posted by
Chris Chrissie on Thursday, March 26, 2009 5:30:49 PM
It's my recent understanding that the money for the various bailouts, toxic asset purchases and stimuli is coming from government borrowing. But wait!! Borrowing doesn't create money; it only moves it around within the economy. Money (wealth) is created by creating something of value - manufacturing a product, writing software, mining ores, growing food, raising livestock, repairing machinery, providing desired services, etc. Which means the money for the government programs comes from a class of individuals known as "Producers of Wealth".
Today's question is addressed to all of those Producers of Wealth.......
Would you loan money to the government? Would you loan money to an entity comprised of those, both elected and appointed, who seek to define your well being, tax your wealth, dictate your lifestyle and limit your freedoms? To those who, under the auspices of the phrase "We the People", empower themselves to tell you what is best for you and punish you for not following their directives?