If you follow my column, you know I write a lot about our money, maybe better described as, “currency.” I do that because factors concerning the control of currency bear an undue influence over many of our most important governmental decisions, even decisions to go to war. But while the control of currency is fundamental to politics, this underlying consideration, which drives our major governmental policy-making, is likely the least understood of all. Seems like everyone has an opinion on how much the government should spend on this or that; but very few even understand where the money it spends even comes from. It’s as if people just think the dollars are out there and our job is to figure out the best thing to do with them. Everyone talks about government spending. But few talk about the more important question regarding how the government even comes by the currency it spends.
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Why the World has Gone Crazy
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If you follow my column, you know I write a lot about our money, maybe better described as, “currency.” I do that because factors concerning the control of currency bear an undue influence over many of our most important governmental decisions, even decisions to go to war. But while the control of currency is fundamental to politics, this underlying consideration, which drives our major governmental policy-making, is likely the least understood of all. Seems like everyone has an opinion on how much the government should spend on this or that; but very few even understand where the money it spends even comes from. It’s as if people just think the dollars are out there and our job is to figure out the best thing to do with them. Everyone talks about government spending. But few talk about the more important question regarding how the government even comes by the currency it spends.