On "Work" That chacha "Produces"

Just the other day, I wrote about the "work" our Great Leader, chacha manmohan s gandhi, proposed to do - and concluded that wee the sheeple would be far better off if he did less work, not more. The more the work undertaken by The State, the more the taxes required of us - like the "education tax" to fund chacha's "right to free and compulsory miseducation." I also discussed the proposed "State funding of elections" - and dismissed it, pointing out how a new "election tax" would inevitably result.

In that post, I spoke of the sheer insincerity in chacha's New Year's eve promise to "redouble our efforts to deal effectively and credibly with the challenges of inflation." I wrote:

...inflation is "deliberate policy." It is used to fund our The State's many expenses. The best way to deal with inflation is to shut down all the schemes funded through inflationary means. Thus, the less The State does, the better.

One such scheme is the National Rural Employment Guarantee Act (NREGA), by which idle villagers are supposedly paid to dig ditches.

Because of NREGA, local bureaucrats are "working" to ensure that poor people "work." The money changing hands comes from us taxpayers - who "work" to produce "goods." Now the same money is used to produce "bads" - like ditches. If we had not paid our taxes, we could have spent that money on "goods" - like beer - thereby encouraging a branch of industry.

But our great chacha is doing far worse than that: he is actually employing inflationary means of State finance. His Union Budget is not limited to taxation; rather, it is made limitless by currency note printing ("quantitative easing" or "deficit financing") and by borrowing. In other words, our The State does not actually possess the resources required for this "work" to be performed. It is all a very perverse kind of "politics" in which The State is expected to perform the role of our "collective philanthropy." In theory, it is nonsense. In practice, it is hugely damaging - especially to poor people, those who are daily wage-earners.

And inflation is nothing new. It has been with us since ages. When I started smoking, Wills was one buck a pack. I often wonder about a "tobacco standard." Rozgaar Yojanas have also been with us for very, very long.

PTI reports that from June 2011 coins below 50p will no longer be legal tender.

This is not "inflation." This is "inflationism." It is "deliberate policy." And it makes no sense whatsoever. Another word for it is Keynesianism. It is "unsound money." It is best called the "labour standard."

Points to ponder:

• What is work, and why do we do it, ever so reluctantly?
• What is The State? What is it supposed to "produce"?
• Is The State supposed to "produce work"?