The Week magazine had a discussion of two proposals to
reduce the deficit by changing the currency. The main one was replacing the
dollar with a coin, and the other one was stopping the production of pennies.
A penny costs two cents to be made by the government. For
those who have not done graduate work in economics, I will point out that means
we lose a penny for every penny minted.
Paper dollars move fast, and one lasts an average of three
years. But in order to get a new dollar from one that is falling apart, you
have to send that dollar, and presumably a number of other destroyed dollars,
to the US Treasury Unlike the penny, the government makes money by printing
dollars because very seldom does anybody bother to send a shredded dollar to
So the government makes money by printing dollars because
those who have worn out or torn dollars throw them away. The Week did not
mention this point, probably because they didn’t know it.
After discussing these profound issues, The Week reported
breathlessly that the only people who seemed interested in these profound
Treasury proposals for the dollar and the penny were, respectively, the
printing industry and the metals industry.
Back in 1976 I published a book a major theme of which was
the fact that, in the real world, the left is not made up of the idealists
National Review argued with, but of a giant interest group just like any other
active in government.
You see, in dedicating itself to arguing about abstract
ideology and using untranslated French phrases, National Review, like The Week,
was out in lala land.
I wonder how it feels out there in that little world made up
Who ELSE would give a flying horse hockey about ending the
penny and, once again, trying to impose a metal dollar?
And for all those years until my book came out, respectable
conservatives didn’t even NOTICE that, when government spends hundreds of billions
of dollars, somebody RECEIVES hundreds of billions of dollars.
The entire leftist persuasion, from professors to
bureaucrats to “activists” like the left’s Uncle Tom in the White House, make
their livelihood either on money that comes directly from government or from
money that is donated by organizations which are deductible from GOVERNMENT
Like our pro-white leaders who just don’t GET the Mantra,
the respectable conservative just didn’t GET the relationship between
government money and the people who live on it.
I did get it across, people understood the point, and Reagan
won big in 1980.
My whole life seems to be devoted to dragging the paid
leadership out of lala land.
Robert Whitaker grants full and free use of his ideas and writings especially as they pertain to aiding others in stating the facts about white race genocide and its agenda of forced non-white immigration and integration into ALL white countries and ONLY white countries. WhitakerOnline.Org