It's just a big government issue, but to the core it's a fiat money issue. If we were still on the gold standard it would be impossible for the government to fund itself through taxation. They'd have to actually tax the citizens, and there's no way citizens would be able to fund this large of a government. Return to gold standard ='s the government automatically shrinks and loses power.
It's just a big government issue, but to the core it's a fiat money issue. If we were still on the gold standard it would be impossible for the government to fund itself through taxation. They'd have to actually tax the citizens, and there's no way citizens would be able to fund this large of a government. Return to gold standard ='s the government automatically shrinks and loses power.
Exactly right.