(urth) Gene Wolfe's Politics

[Steven]

On Mar 26, 2009, at 4:32 PM, Dan'l Danehy-Oakes wrote:

> I'm talking about the gummint going bankrupt, silly boy.

Gummints don't go bankrupt, having produced nothing in the first  
place.  They may print money, which will devalue all the goods and  
services of the society and bring about its ruination, of course.    
They have that power, but they don't have the power to create money  
in the original sense of the word, as a store of value.  You may or  
may not be aware that businesses don't pay taxes either, individuals  
do.  Businesses pass them along to their customers to pay.

Steven Bowen
http://bowenfinearts.com/



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