If you would have paper money of no intrinsic or stable value, so be it, but surely perpetual interest should not be paid to the creators of such a medium of exchange merely for the simple act of printing. Those entrusted with the sole power to create, increase, and decrease the amount of a country's currency in circulation have the power to touch the lives of every one of its citizens in profound ways. When the power to charge interest perpetually on the money they create is added to this already overwhelming power, the path to debt slavery is clear. Why would a people choose to grant this power over their lives to private bankers?
Thomas Jefferson noted in a letter to Samuel Kercheval dated July 12, 1816, “We must make our selection between economy and liberty or profusion and servitude.” We are only now beginning to see the results of choosing wrongly in this regard. The profusion was only temporary, but the servitude will be permanent lest we see our shackles for what they truly are — paper.
This blog shall remain, as long as free speech is allowed in America, for all who care to read. The links above are, more or less, stand alone pieces written by myself and others that are important to understanding the larger picture concerning the role of sound money in the preservation of freedom. If I run across anything else of particular importance related to the subject, I will add a link.
Thanks for reading,