Date: Oct 24, 2012 10:05 PM
Author: Paul A. Tanner III
Subject: Re: Speachless In New York (or, another OMG moment)
On Wed, Oct 24, 2012 at 9:27 PM, Haim <firstname.lastname@example.org> wrote:
> Paul A. Tanner, III Posted: Oct 24, 2012 3:57 AM
>>BS. In terms of the power of the state and the power of
>>central government - federal government - in particular,
>>they were the most liberal and progressive bunch in US
>>history. In going from the Articles of Confederation to
>>the US Constitution, they implemented the biggest
>>expansion of the size and scope and raw power of the
>>federal government in US history by far.
> Thank you for reminding me. Along with your assertion that money grows on trees, I shall strive to keep this in mind the next time I am tempted to respond to you.
Yes, it's true: Conservatives deny the facts. Specifically here, these:
Fact: There has been no single expansion in US history of power of the US Federal Government since going from the Articles of Confederation to the US Constitution that has even coming close to matching that expansion of power. If one thinks otherwise, then name it.
Fact: The power to create money out of thin air by either printing it - electronically or otherwise - or by fractional reserve banking (the power that modern banks have to lend more money than they have) is a "money tree" that conservatives deny exist. Never mind that the central banks of the US, Japan, the UK, and Switzerland during this last worldwide Great Recession created using this "money tree" roughly 50 trillion dollars and put it into the world's financial system to keep it from collapsing utterly, all in the form of no interest fractional reserve banking loans all of which was paid back. Never mind that 100% of all countries that have ever gone into quantitative economic depressions were not on such national money systems of fiat money - they were all on some sort of gold or other standard.