Sunday, 5 August 2012

It's not the government's money - none of it

Understand this:

"The State has no source of money other than the money people earn themselves." 

It is not the case - however much some folk want to tell us so - that the government is the source of value. This isn't to say government has no purpose but to say that not only isn't there a money tree in the basement of the Bank of England but to claim so is to perpetrate a gross and unforgivable deception.

But it is worse to manufacture a whole ideology that believes all money emerges magically from the state. This is to rediscover the god emperor, to carve a 21st century' oikos' and to create a new slave state. The revelation of liberalism is not that we discovered the power of the state for good but that we gave ourselves the tools to escape from leviathan - personal freedon, personal choice and personal responsibility.


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