Fiscal Manipulation Quotes

Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties.

Only in Washington does a decrease in the proposed increase equal a spending cut.

The Pentagon has a long tradition of dialing up the threat to get more dollars at budget time.

Debasing your currency sometimes works in the short term, it has never worked in the long term and does not even usually work in the medium term. Lots of politicians like to do it because it is an easy way.

Strictly speaking, it probably is not “necessary” for the federal government to tax anyone directly; it could simply print the money it needs. However, that would be too bold a stroke, for it would then be obvious to all what kind of counterfeiting operation the government is running. The present system combining taxation and inflation is akin to watering the milk; too much water and the people catch on.

The only way Congress can get one dollar to spend is to take that one dollar from Americans, borrow that one dollar from Americans, or inflate that one dollar from Americans. So, it's very much like the visual image of a swimming pool. A person notes there is a shallow end, so he takes the water out of the deep end and pours it in the shallow end, hoping to raise the height of the water in the pool - and you would call that person stupid.

You win the modern financial-regulation game by filing the most motions, attending the most hearings, giving the most money to the most politicians and, above all, by keeping at it, day after day, year after fiscal year, until stealing is legal again.

government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.

A tax cut to compensate for a tax increase is not a cut - it's a con.