Letter – Corrupting power of money“Power corrupts. Absolute power corrupts absolutely.” This statement by a British writer seems to sum up the total state of affairs today.
To the editor:
“Power corrupts. Absolute power corrupts absolutely.”
This statement by a British writer seems to sum up the total state of affairs today. Inflation is the greatest enemy of civilizations, noted a political candidate several years ago. It destroys consumer confidence. We had a gold standard in the early years of this country’s history, but it has been whittled away to a nearly worthless pile of paper money.
Thus, we have such absurdities today as paying several hundred thousand dollars for a house on a regular sized lot. This currency is the chief reason our national debt is $10 trillion. If not paid off, the debt will destroy this country.
Parasitical elites have taken control of the United States, and are profiteering at the expense of the well-being of the American people. A debt-free society would be a vastly more vibrant and healthy economy. Yet any form of price stabilization is out of the picture today.
Sometime in the future, the corrupting power of money will have to be replaced with a system which rewards effort and bring peace and stability to a country. In other words, money will follow the production of values naturally. Money, contrary to what is usually taught, must eventually flow and be exchanged in such a manner that stability is ensured and prosperity of the economy is vastly increased.