The influence of LRC, Congressman Paul, and countless others is clearly growing. We may not be “mainstream,” but it wasn’t too long ago that the average Joe was oblivious to the idea that our money is created out of thin air and how this will lead to hyperinflation. Since Ron Paul’s Presidential bid, and thanks to the internet, the average Joe may still be confused, but he is no longer oblivious.
Case in point: The Philadelphia Weekly, a typical left-wing free paper, wrote in last week’s election issue about the ballot initiative for more city debt (emphasis added).
It seems kind of strange to talk about borrowing more money while staring into the abyss of a $120 million to $150 million budget deficit. However, infrastructure projects are like our own mini-stimulus plans, creating and supporting jobs that will accelerate the city’s recovery. What’s more, these projects ward off serious threats to public safety, like a roof or bridge collapse. By preventing disasters before they happen, we could actually be saving a significant amount of money.
Anyway, once massive inflation kicks in from the nearly $13 trillion federal debt, this $65 million will look like a rank bargain. Think it’s expensive to repair a bridge today? Just wait.
Our vote: Yes. We really don’t want collapsing buildings to transform the figurative idea of a crumbling city into a literal representation.
Of course, we still have our work cut out for us to fight the influence of Krugman, et al.
H/T Helene Cullis
10:51 am on May 17, 2010
