Wednesday, April 4, 2012
Posted by Skyler J. Collins
The real offense of fiat money is not money-printing, ie. inflation, but legal tender laws. Inflation destroys value, but value is subjective. It can't be destroyed by anything external to the one doing the valuation (other than the physical paper being ripped up or burned, real destruction, in other words). Therefore, inflation is not a "hidden tax" as so many are wont to claim, including Ron Paul and other notables. Forcing us to use inflated money, ie., legal tender laws, is where the damage to our liberties and property happens. So stop saying that inflation is a hidden tax! And go after legal tender laws! That is all.