PROEM & POEM No. 94 - The Economic Bomb / Reprise
Alternatively put, central banks’ monetary policies (or schemes) reduce the “quality” of private money previously earned and saved or yet spent by deflation of value thereof, while government’s tax policies (also schemes) reduce the “quantity” of private money currently earned by the cleverly convenience of automatic payroll deductions. Either way the ill effects are identical. Polity has more to launder and squander by expanding and expending money, exasperating and exacting national bubbles and busts. Resultantly, citizenry has less to spend and (save to) lend, the latter critical to economic growth, preempting and preventing national bubbles and busts.
So misunderstood are the delayed ill effects per causes by central banks’ policies, years or sometimes decades earlier, often misdirecting blame from the more deserving distant past political actions to the less deserving (yet not completely unblemished) recent political actions. However this disconnect, in minds of public even politic, plays quite well in the hands of those whose intentions are to benefit as first spenders of central bank’s newly created money. Again, conspiring as thieves yet as prerequisite, they disrespect and disregard others’ Peculiar Human Ability to Reason, inseparably the Singular Human Right to Consent or Not Consent.
So misunderstood are the delayed ill effects per causes by central banks’ policies, years or sometimes decades earlier, often misdirecting blame from the more deserving distant past political actions to the less deserving (yet not completely unblemished) recent political actions. However this disconnect, in minds of public even politic, plays quite well in the hands of those whose intentions are to benefit as first spenders of central bank’s newly created money. Again, conspiring as thieves yet as prerequisite, they disrespect and disregard others’ Peculiar Human Ability to Reason, inseparably the Singular Human Right to Consent or Not Consent.
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O violent the devil’s bevel, the revel o’er the arrogation
Clipping of coin, flipping of tender, such piratic avocation
Mid politic convocation; secrecy for the common good
Indeed all concede, per dagger `neath cloak, as all should
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Come let us Reason. Peace is always a Choice.
Copyright © 2016-2018 by D.C. Quillan Stone
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