David Redick
Politicians, ‘Progressive’ activists, NeoCon Imperialists, and bankers worldwide love to spend money and love the unending supply of it from; 1. taxing 'other people,' and 2. fiat paper money (‘face value’ decreed by government) from the central banks that create and control it. With this supply, the politicians never run out of money for their vote-for-me pork; Progressive activists get it for their welfare and subsidy projects; Imperialists for their wars and 'foreign aid' bribery; and bankers get cash and credit for the reserves they need to continue lending and for creating bizarre investment schemes. All four view the government and its central bank (ours is the Federal Reserve System, or ‘Fed’) as the unlimited source of funding to finance their projects, and bail them out if they get into trouble.
Of course, most of these handouts come with strings attached, so the federal government gains creeping power over state and personal matters. The controls that should be removed are those that limit choices by consumers, or do favors for political friends. The normal laws are still there for prevention of fraud, and disclosure of things that could cause harm, or pose a threat to users. Further, this loose, cheap money creates the moral hazard of false confidence that causes businessmen, politicians, and bankers to engage in expensive and risky deals (new factories, wars for oil and bases, welfare, derivatives, no-doc home mortgages, etc.) that they would otherwise avoid, or could not finance. More and bigger wars, spending, and business cycles (bubbles) are the result.
Read more:
http://www.activistpost.com/2011/01/how-excess-spending-taxation-and.html
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