How Did America Get To This Point?
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Coercive Monopolization of the Money Supply
The coercive monopolization of the money supply, accentuated by the Federal Reserve System, is the root of the exploitative power of the ruling class. It is for this reason that understanding the story of the dollar is essential.
The dollar is the subject of the greatest counterfeiting scheme in the history of the world. Naturally the process of counterfeiting creates victims. As Hans-Hermann Hoppe points out in the Economics and Ethics of Private Property, to be successful on such a scale, the counterfeiting power must be accompanied by social redistributive measures that generate the support necessary to overcome any resistance. The Federal Reserve is the engine that allows the government to play Santa Claus to certain privileged groups at the expense of everyone else.
The physical counterfeiting of dollars has cost the people of the United States 95% of their wealth in less than one hundred years (not to mention the unseen advances that could have been made).
Not only has our physical wealth been expropriated, our current system of government-granted special privilege to exploit promotes a counterfeit morality that explicitly confuses the unearned with the earned. It replaces the moral virtues of integrity, honesty, productiveness, and justice with cries of entitlement to an ends without relation to a means; a misguided and false battle pitting poor against rich. The correct moral battle is not the seemingly virtuous defense of poor versus rich...it is, as it has been throughout human history, a battle of the exploited versus the exploiter.
Read the full article by A-equals-A.com:
The US Dollar – A History of Counterfeit Money, Morality, and Meaning
The dollar is the subject of the greatest counterfeiting scheme in the history of the world. Naturally the process of counterfeiting creates victims. As Hans-Hermann Hoppe points out in the Economics and Ethics of Private Property, to be successful on such a scale, the counterfeiting power must be accompanied by social redistributive measures that generate the support necessary to overcome any resistance. The Federal Reserve is the engine that allows the government to play Santa Claus to certain privileged groups at the expense of everyone else.
The physical counterfeiting of dollars has cost the people of the United States 95% of their wealth in less than one hundred years (not to mention the unseen advances that could have been made).
Not only has our physical wealth been expropriated, our current system of government-granted special privilege to exploit promotes a counterfeit morality that explicitly confuses the unearned with the earned. It replaces the moral virtues of integrity, honesty, productiveness, and justice with cries of entitlement to an ends without relation to a means; a misguided and false battle pitting poor against rich. The correct moral battle is not the seemingly virtuous defense of poor versus rich...it is, as it has been throughout human history, a battle of the exploited versus the exploiter.
Read the full article by A-equals-A.com:
The US Dollar – A History of Counterfeit Money, Morality, and Meaning
Expansion of Government
This section highlights a few of the major events leading to expansion of government.
For an understanding of how the inherent design of the current system makes limited government a temporary fantasy, please see the Hans-Hermann Hoppe article on the Impossibility of Limited Government: The Prospects for a Second American Revolution
For an understanding of how the inherent design of the current system makes limited government a temporary fantasy, please see the Hans-Hermann Hoppe article on the Impossibility of Limited Government: The Prospects for a Second American Revolution
- Click here for the free Hans-Hermann Hoppe's audio lecture: The Impossibility of Limited Government: The Prospects for a Second American Revolution
Erosion of Ethical Morality
Man's Rights - an essay by Ayn Rand. This essay is part of a larger collection of essays illustrating the Objectivist understanding of politics and economics in Capitalism: The Unknown Ideal.
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