Wednesday, December 16, 2009

The cost of money

There are many folks that want to eliminate the penny.

One of the reasons is that it's worthless due to inflation.

NPR story here. (And no I don't sit around reading NPR, this link was sent to me.)

Why don't we stop inflating our money to begin with? We need to wake up to the fact that our government is stealing from us with our inflated money.

Of course the government wants to make money out of cheap material (remember Space's idea to make pennies out of steel?). This way they can mint and print all they want.

If money were made out of silver or copper, the government couldn't print as much.....of course the outcome would be that they couldn't inflate themselves out of debt on your, er...dime.

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