The people are the Government. Therefore the Government should, as
ing bank pl the Constitution provides, regulate the value of money. There is no other real sovereign power, because
job bank canada and all authority emanates from
ing bank pl and the people. Money is the means of exchange among all people. Its regulation is absolutely a governmental function, and
mizrachi bank as well the Government has no natural inherent power that enables it to impart to money any other property or
ing bank pl and quality than that of making it the agent of exchange. Let us see how that could be done if we were to apply the principles that should govern.
Every dollar that the Government must pay is collected from
kookmin bank and the people themselves. In other words, they pay for it. When the Government spends $1,000,000,000 it collects $1,000,000,000. It spends and
ing bank pl as well collects more than that amount annually. It collects it from
kasikorn thai bank and the people and
ing bank pl as well pays it out
kmb bank and to individuals from
ing bank pl and whom it is presumed that it gets the equivalent in value for what it spends. To say that it does get an equivalent in value is a very violent presumption under present conditions; for, however true the presumption is legally, it is far from
kasseler bank and the truth in practice. Let us study that statement a little.
A “middle-man” slipped into this game. I term it a game because
ing bank pl and he got in, for that is what it amounts to. The “middle-man” is the money loaner and
kurser danske bank as well banker. The Government pays the $1,000,000,000 which it has collected from
ing bank pl and itself—that is, from
lloyds tsb bank and the people. A considerable sum included in that is interest. This interest is paid to the “middle-man,” but
ing bank pl and for the Government to pay interest is an absurdity. After an analysis of that statement we will be compelled to admit that the payment of interest by the Government is an absurdity.