Raising Taxes to Combat Recession: The Ultimate Fiscal Folly
07/20/10 Tampa, Florida – When I saw that Illinois cleverly solved its budget crisis by just not paying its bills, I knew that the end is near, or would be, if we still had a dollar that was not a stupid fiat currency, because nowadays it would be child’s play for the Federal Reserve to just create as money as any state wanted! And they can do it in less time than it takes to tell you about it, too!
And then the Federal Reserve can turn right around and use that money to buy up all the state debt out there! Wipe debt completely out! And flood the economy with money!!!
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