libertylol
  • LibertyBlog
  • Libertarian Book Club
  • Courses
    • RETHINKING INTELLECTUAL PROPERTY: HISTORY, THEORY, AND ECONOMICS BY ​STEPHAN KINSELLA
    • Cato's LEARNING ABOUT LIBERTY
  • About Us
  • Shop Liberty
  • Policy Analyses
  • libertyLOL Newsletters
LIBERTYBLOG:
MUSINGS DURING AN ERA OF DECREASING LIBERTY

How Government Creates Wealth

3/26/2017

0 Comments

 
Picture
The  image above shows reveals how most governments inefficiently waste our tax dollars.  It does not even count the wealth that goes uncreated due to regulations and restrictions.  

We'll probably never know to what extent of our potential wealth goes uncreated but if you know at least one guy who really wanted to be a Barber but couldn't afford the $19,000 licensing and education requirements, then you know it happens.

Then there is the additional step after the government takes 25% where they create "quantitative easing" on their 25% turning it into 40% before spending it, and THEN redistributing.  That's how it can claim it has "created" wealth.

Unfortunately this quantitative easing makes all of your dollars lose value due to inflation. The Federal Reserve AIMs for 2% inflation every year. This means if you have $100,000 saved up for retirement, in only 10 years, it's lost 20% of its value and it has the purchasing power of now only $80,000.

You are probably thinking, "Wow, that sucks! Where is my incentive to save up a large retirement nest egg?"

I will remind you that this is the AIM and STATED GOAL of the Federal Reserve. And it works great when you have a government with a spending problem. When the government actually gets around to paying off our debt (if ever ) they get to pay it off with heavily-inflated, lesser-valued dollars.

A true wealth-creating society depends on savings which is invested into innovation and growth.

Check this video out and see why only he principles of Limited Government and Free Markets can begin to change the current economic course we are on.
Tom Woods Liberty Classroom

Follow libertyLOL on your favorite social media sites:

Facebook
Twitter
Reddit
Youtube
Tumblr
Instagram
Pintrest
Countable: Government Made Simple
Steemit blog on a blockchain
Patreon
Gab.ai
libertyLOL's Liberty Blog RSS Feed

We also run a couple twitterbots which provide great quotes and book suggestions:
Murray Rothbard Suggests
Tom Woods Suggests
Jason Stapleton Suggests
Progressive Contradictions

MORE FROM LIBERTYLOL:

libertyLOL.com

Enter your email address for Liberty Articles sent DIRECT to your inbox!

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    national debt

    Search the
    libertyLOL Archives:

    Archives

    August 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016


    Picture

    Enter your email address for Liberty Articles sent DIRECT to your inbox!


    Search and Shop on Amazon.com!

    Tom Wood's Liberty Classroom

    "Get the equivalent of a Ph.D. in libertarian thought and free-market economics online for just 24 cents a day...."

    At Liberty Classroom, you can learn real U.S. history, Western civilization, and free-market economics from professors you can trust.

    Short on time? No problem. You can learn in your car.
    ​
    Find out more!


    Tweets from libertyLOL

Blog Home

Shop Liberty

libertyLOL Steemit Blog

Policy Analyses

About Us

Copyright © 2014.
​

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites
  • LibertyBlog
  • Libertarian Book Club
  • Courses
    • RETHINKING INTELLECTUAL PROPERTY: HISTORY, THEORY, AND ECONOMICS BY ​STEPHAN KINSELLA
    • Cato's LEARNING ABOUT LIBERTY
  • About Us
  • Shop Liberty
  • Policy Analyses
  • libertyLOL Newsletters