DIGG THIS "Deficits and a mounting debt, therefore, are a growing and intolerable burden on the society and economy, both because they raise the tax burden and increasingly drain resources from the productive to the parasitic, counterproductive, “public” sector. Moreover, whenever deficits are financed by expanding bank credit – in other words, by creating new money – matters become still worse, since credit inflation creates permanent and rising price inflation as well as waves of boom-bust u2018business cycles.'" ~ Murray N. Rothbard "Repudiating the National Debt" As I did the research for another essay, I came across some interesting data … Continue reading The Rip-Off Economy