On Inflationism, Tyranny, And A Pig-Circus

Inflationism is a policy - a policy by which the government finances its needs. As such, inflationism is a sneaky, undemocratic policy. It is the policy method of the tyrant. Such a tyrant who needs money to spend on his projects deceives the people and parliament on the true costs of his measures. Indeed, parliaments always existed to vote on the taxation demands of the monarch. With inflationism, parliaments can be bypassed, or even bought over, for the government can print for itself whatever money it needs. Chacha Manmohan S Gandhi is an inflationist. He is a tyrant. He is undemocratic. And he is buying up support in Parliament.

As Ludwig von Mises wrote:

"The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy."

Thus, this policy can be ended - and it should. It is the worst kind of policy to have in a country where the majority are poor daily-wage earners. It is "capital consumption" and thus against the interests of rich and poor alike. But it continues because SOME people gain by it: viz., Chacha and his Cronies.

Chacha the inflationist should therefore be also seen as the WORST thing that could happen to our malfunctioning democracy. He is making it malfunction even more. I could not help being overcome by a feeling of deep sadness as I read an editorial in Mint today on the proceedings in Parliament yesterday that asks the reader the question: Has expediency totally devalued principles?

(This post is appearing a day late.)

Principles, did they say?

You expect principles from socialists? Did Lenin, Stalin or Mao possess principles? Does Chacha?

The ONLY principle of Justice is Property - and socialists do not believe in this principle. It is not a principle of government according to our socialist constitution. It is this absence of principles that has made a pig-circus out of our parliament. Only socialist pigs are allowed entry therein.

Actually, the principle of sound money is also Property. Money must be legally defined as a gold coin of prescribed weight and fineness. Then paper money becomes a "money substitute" - and is a Property Title to coin. But will this parliament ever understand this? After all, these are the very people who passed the draconian Foreign Exchange Regulation Act (FERA). Rajan Pillai and Ashok Jain died because of FERA. Remember?

No siree. This pig-circus manipulated by Chacha's paper money won't do. We need a Capitalist State that is UNDER the Law of Property. This must be the new constitution. Property must be seen as a Higher Law - something far above parliament. Only then will we be possessed of sound money. Only then will inflation be ended forever. Only then will our poor be able to accumulate Capital.

Perhaps we should thank Chacha for this. He has not only devalued the currency; he has also devalued parliament. A pig-circus - that is what he has made it into.