Does the American State Deserve Collapse? By MN Gordon

Certainly millions of something-for-nothing Americans both inside and outside the government deserve the collapse that’s coming. From MN Gordon at economicprism.com:

“Look back over the past, with its changing empires that rose and fell, and you can foresee the future, too.”

– Marcus Aurelius

What Took So Long?

Monetary, fiscal, economic, political, and military affairs are tightly interwoven into the fabric of a nation.  The primary thread extending throughout is the state’s endless desire to dominate and centralize the supply of money.

Monetary policy, in this regard, always attends to the apparent wants of a country’s leaders and its ruling class.  Sometimes, over an extended period, it may appear to enrich the general population.  But that is merely the mirage of early stage inflation, when demand’s pulled forward and economic growth appears to be expanding.

Regardless, the primary intent of monetary policy is to support the rulers.  It’s table scraps for everyone else.

Nearly 250 years ago, in 1776, Edward Gibbon’s, The History of the Decline and Fall of the Roman Empire, was first published in England.  Gibbon’s six-volume work offers an account of a state that survived for twelve centuries in the West and for another thousand years in the East, at Constantinople.

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