Similar sounds are also emerging from Ben Bernanke, chairman of the US Federal Reserve, the chaps who print US dollars:
In his first press conference as chairman of the Federal Reserve, Ben Bernanke discussed rising gasoline prices, blaming higher demand from emerging economies and Mideast oil-supply disruptions as the cause of the zooming prices. Bernanke did not mention the US government's role in the higher energy prices, and he explicitly absolved the Federal Reserve of any blame.
As Mark Brandly points out in this article (in which the above quote is the opening paragraph) on why the US Fed ought to be shut down:
Bernanke's deceitfulness is appalling, although not unexpected. He knows that Federal Reserve monetary policy plays a significant role in gasoline prices. Expansionary monetary policy leads to more dollars being available in world currency markets and weakens the dollar. The weaker dollar results in higher import prices. More than half of the oil consumed in the United States comes from foreign producers....
The word "deceitfulness" is noteworthy. It must be applied to our RBI governor, too. Inflation is a deliberate policy used to finance State expenditure - a very deceitful policy. More dollars or more rupees - the result is the same: the value of the paper note declines. Gold has crossed 23,000 rupees for 10 grams - only because the value of the rupee has fallen. Similarly, in the US, when Nixon de-linked the US dollar from gold, the yellow metal was priced at $35 an ounce. It is more than $1500 an ounce now.
Inflation is nothing but a purely monetary phenomenon - caused by an excess supply of money resulting in the fall of the purchasing power of the monetary unit. To end inflation we must end central banking. Money must be "private money." The country must be put on the gold standard.
In other words, The State must be denied the power to fund its programmes through the deceitful means of printing paper notes to pay for them.
No more MGNREGA, no "right to food" and no "right to free and compulsory education" - that is, no more welfarism to buy votes - and inflation will be ended for ever.
Remember - inflationism robs the poor of their Capital - thereby rendering them poor for ever. Welfarism never benefits the poor in the long run - see the poor in the welfare states of Europe that are now going belly up. Welfarism paid for by inflationism is NONSENSE! It is precisely the "false philathropy" combined with "legal plunder" that Frederic Bastiat warned us about in The Law. This is not socialism; this is anti-social. So much Capital Consumption will destroy our civilisation.
But we also pay taxes! Should we continue to do so?
I was discussing taxes with a local entrepreneur here - pointing out that all we get in exchange for them is the State Danda: all manner of "inspectors" land up to collect bribes, which are an "illegal tax." We pay taxes in exchange of these bribe-taking inspectors. This is all that is "real" about our The State.
These are not just from the State Police, but also come from the labour department, the health department, the CRZ administrators, the excise department and so on and so forth.
This danda (Hindi word for "stick") is REAL. This is ALL we get for our taxes. We certainly don't get good roads, footpaths, clean cities and towns, scientific traffic management and suchlike. Over 200,000 of us are killed on our unsafe and horrible roads every year - more than get killed in a small war. Why should we pay taxes - that is, after money has been privatised and The State can no longer print paper notes to fund itself?
Think about it!
If we do not pay any taxes to The State - if business is laissez faire, if we inhabit a "private law society," and if everything is privatised, all we would have to pay for whatever we need are PRICES: for electricity, for water, for expressway tolls... The local entrepreneur here affirmed that he would be happier paying prices than taxes. "Starve The State," he cried out loudly.
**********************
But we also pay taxes! Should we continue to do so?
I was discussing taxes with a local entrepreneur here - pointing out that all we get in exchange for them is the State Danda: all manner of "inspectors" land up to collect bribes, which are an "illegal tax." We pay taxes in exchange of these bribe-taking inspectors. This is all that is "real" about our The State.
These are not just from the State Police, but also come from the labour department, the health department, the CRZ administrators, the excise department and so on and so forth.
This danda (Hindi word for "stick") is REAL. This is ALL we get for our taxes. We certainly don't get good roads, footpaths, clean cities and towns, scientific traffic management and suchlike. Over 200,000 of us are killed on our unsafe and horrible roads every year - more than get killed in a small war. Why should we pay taxes - that is, after money has been privatised and The State can no longer print paper notes to fund itself?
Think about it!
If we do not pay any taxes to The State - if business is laissez faire, if we inhabit a "private law society," and if everything is privatised, all we would have to pay for whatever we need are PRICES: for electricity, for water, for expressway tolls... The local entrepreneur here affirmed that he would be happier paying prices than taxes. "Starve The State," he cried out loudly.
Yes, in exchange for prices, businessmen will supply us with "goods." All that we get in exchange for our taxes are "bads." The Danda!
I HATE the danda of our The State - a State that does nothing right. A State that leeches on the people. A Predatory State.
As you all know, one danda I really hate is the Narcotics Act. It denies me good ganja. That drives me even madder. Especially in the morning. Like right now.
I therefore propose a Great Ganja Pride Parade in Goa. Let all smokers of the Holy Herb assemble, smoke and shout slogans for Liberty. And march. Let us show them our numbers. Let us show them our Anger. Let us show them our Pride - and our determination to be free from Tyranny.
***********************
I HATE the danda of our The State - a State that does nothing right. A State that leeches on the people. A Predatory State.
As you all know, one danda I really hate is the Narcotics Act. It denies me good ganja. That drives me even madder. Especially in the morning. Like right now.
I therefore propose a Great Ganja Pride Parade in Goa. Let all smokers of the Holy Herb assemble, smoke and shout slogans for Liberty. And march. Let us show them our numbers. Let us show them our Anger. Let us show them our Pride - and our determination to be free from Tyranny.
No comments:
Post a Comment