Good money or bad money? Obviously, the only really good money, is gold and silver, but this is about the world’s unbacked paper currencies, none of which are worth more than the paper they are printed on, if the truth be known. However, let’s speak about dollars, both good and bad.
Good dollars, are used for making a profit, providing jobs, and prosperity. Good dollars, buy factories, farms, inventions, homes, businesses, cars. trucks, airplanes, locomotives, telephones, television sets, and the like. These good dollars, hire people, pay wages, and the sale, making, or buying of these things, is the way an economy thrives, grows, and provides happiness. Risks are taken continually, and some lose their shirts, while others grow rich, but the majority live peacefully, and are content. That is known as “Capitalism.”
Bad dollars, are welfare, which destroys their recipients, and creates things such as public housing, an underclass, laziness, crime, slums, and destroys a society. But that is not all that bad dollars do, because they do a lot more. Bad dollars, pay for wars, where soldiers get killed. Bad dollars, provide jobs making guns and ammo for the armed forces, tanks, fighter jets, bombs, and all that goes with an army, navy, air force and the like. A neutral nation, such as ours should be, would never send a soldier overseas, and it would mind its own business. Wars and things which make them possible, do create jobs, but they are not profitable jobs for an economy, because these jobs are paid for out of the public treasury, not profits from a business, farm, factory, or store. When payrolls are paid out of the public treasury, the debts increase, and money is taken out of the private sector. Wars may create jobs, but like welfare, they destroy an economy, and in millions of cases destroy other farms, businesses, factories and shops in the enemy land. Wars also maim their participants. Far too many soldiers come home with limbs missing, or serious psychological problems. No one wins in a war, and it, to me anyway, is unpatriotic to fight in a stupid war, which was not Constitutionally declared by Congress, such as Iraq, Korea, Vietnam, and Afghanistan. These four wars alone, have debauched the dollar to a huge degree. These four wars are disgusting and pointless.
Bad dollars, also are spent on government payrolls, for endless bureaucracy and regulation, none of which is good for an economy, The payroll comes not from profits, but taxpayers. Endless regulations cause businesses, farms, and factories to go to huge expense to obey these decrees uttered by unelected bureaucrats, whose regulations have not been Constitutionally voted upon by Congress, and signed by a President. No government at any level, is good for an economy, because it keeps money out of profit making private hands, and is paid for by stealing (taxing) the private hands to support it. Some taxation is necessary to promote peace and safety, such as fire departments, and police departments. Many cities provide clean drinking water and paved streets, which are worth their cost.
Public schools, are bad dollars, as the salaries and expenses are paid for by tax dollars. Before the advent of the public school, children were far better educated by private schooling, paid for by parents or churches. Those schools were private, since they were for profit, and they competed with each other. How can anyone say that the public school system is a success? It is virtually a total failure, and the results get worse each year, simply because they are “public,” and not operated in a competitive and for profit system. Government and public anything, is a disaster in 95% of the cases probably, but we are all so used to it and brainwashed by it, that we no longer even think about it. How sad!
Poor people? They used to be cared for by churches, volunteerism, and charities, which have dried up now that government has taken over. People used to save and provide for their health care and retirement, but have forgotten how to do it, since government has taken over, and at a cost of many times what it cost before, when people did it for themselves, be it health care, retirement or education.
I’m back from vacation.