Hello all veterans and others!
Consider this the Saturday football halftime report. They got a game in Starkville right now.
Anyway, I couldn’t decide on a topic so here are two:
On May 22, 1949, former Secretary of Defense James Forrestal fell to his death from the sixteenth floor of the Naval Medical Center in Bethesda. An investigation by a Navy review board found no definitive cause for his death, which was assumed by many to be suicide.
On May 2, 1957, Senator Joseph McCarthy died from acute hepatitis at the Bethesda hospital. Just a few days earlier, he’d been admitted to the hospital with a knee injury. No cause for the hepatitis was ever given. No autopsy was conducted.
On November 22, 1963, President John F. Kennedy was assassinated while visiting Dallas, Texas. An autopsy conducted at the Bethesda Naval Medical Center late that evening resulted in controversy over the extent of the president’s wounds and how they ultimately were caused. The wounds viewed by many eyewitnesses in Dallas and Bethesda weren’t reflected in the final Warren Commission report.
Inflation is not caused by the butcher, the baker, or the auto maker, although they usually get blamed. On the contrary, by producing real wealth, they fight the effects of inflation. Inflation is the work of government alone, since government alone controls the creation of currency.
In a true free-market society, the only way a person or organization can legitimately obtain wealth is through production. “Making money” is no different from “creating wealth,” and money is nothing but a certificate of production. In our world, however, the government can create currency at trivial cost, and spend it at full value in the marketplace. If taxation is the expropriation of wealth by force, then inflation is its expropriation by fraud.
To inflate, a government needs complete control of a country’s legal money. This has the widest possible implications, since money is much more than just a medium of exchange. Money is the means by which all other material goods are valued. It represents, in an objective way, the hours of one’s life spent in acquiring it. And if enough money allows one to live life as one wishes, it represents freedom as well. It represents all the good things one hopes to have, do, and provide for others. Money is life concentrated.
There. No time for a pic. Gotta drink. Night. – P