This is an opinion editorial by Bruce Fenton, candidate for U.S. Senate and the founder and CEO of Chainstone labs.
It’s the money. The money is broken. Politicians broke it.
This truth pretty much summarizes much of what is wrong in our world today: inflation, war, the failed drug war and violence — all a result of bad monetary policy. Even obesity can be traced back to bad money and the broken incentives it causes, such as corn syrup subsidies. We must fix the money to fix America and the world.
In order to finance World War II, our government sent war heroes to American towns to sell citizens war bonds. They would have to make a case for the war and the use of citizen money. Even when facing Nazis, the government still had to make a case. They had accountability. Today, that accountability is gone.
In 1971, the U.S. went off the gold standard and modern fiat was born. Unlike in the days of WWII, the government no longer needs to sell you. They don’t need accountability. They have a magic money printer. That money printer says that they can print however much money they want for war or cronies or whatever else they choose. Accountability is gone.
This modern fiat system is not just unsustainable and harmful to the finances of citizens, it causes great evils in the world. I’d actually go so far as to say that fiat is evil. Fiat, indeed, is the ultimate force for bad deeds in our world. War, death, destruction and many evils of our world would not exist to the scale that they do if we took away the ability of tyrants to print money from thin air. If we starve the beast of government by cutting
