The Desire to Control Money and Why it was Accepted

While there is some resistance to taxation. There is little resistance to counterfeiting. More goods don’t come into existence when money is printed. The new money is redistributed to the early receivers. Taxation can only be raised to an extent. Higher taxes don’t lead to higher revenue. Money is printed or borrowed beyond that. This money comes from banks. They see to it that you can repay. An army of propagandists try to justify printed money.

This must be a monopoly. If its not, every other bank will point out the bank doesn’t have the money in demand deposits. The state must form a banking cartel to avoid this. There is another problem, gold is expensive to mine. Gold must be replaced with worthless paper. The cost is much lower. Just like when Mephistopheles convinced the emperor to use paper money. Only, this isn’t a play, this is real life.

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