Llew Rockwell: War and Central Banking are linked

Image by Salvatore Vuono / freedigitalphotos.net *

The problem is that government finances war by borrowing and printing money, rather than presenting a bill directly in the form of higher taxes. – Ron Paul

“Central banks, established by the world’s governments, allow those governments to spend more than they receive in taxes.”

“They allow governments, via inflation, to finance their operations far more cheaply and surreptitiously than they otherwise could. As an enabler of inflation, the Fed is ipso facto an enabler of war.

Creating money out of thin air is preferable for governments, since the process by which the political class siphons resources from society via inflation is far less direct and obvious than in the cases of taxation and borrowing.”

“What we need today is the separation of money and state.” Llew Rockwell (emphasis added)

Continue reading