[e-gold-list] Re: clear thinking

[Pete Chown]

unlinQ Marketing wrote:

> In the absence of the gold standard, there is no way to protect
> savings from confiscation through inflation.

Actually, democracy provides some protection.

The current government in the UK has raised taxes dramatically, while
keeping inflation low.  I suppose that represents a shift from one kind
of confiscation to another!  Encouragingly, people are starting to
understand that the extra tax money has been wasted.  However, the
government's good record on inflation counts in their favour.  As a
result, it seems entirely possible that the government will be
re-elected.  (They are fairly unpopular right now, but not horribly so,
and they have a couple of years to go.)

Inflation is unpopular, so democratic governments have to try and stop
it happening.

> Deficit spending is simply a scheme for the confiscation of
> wealth. Gold stands in the way of this insidious process.

If the gold standard is in place, what stops the government simply
borrowing the money/gold at interest?

Pete




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