February 6, 2012     Permalink economics Submitted by Michael Dewey

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Federal Taxes Don't Pay For Anything: .ly/wmbusY

What this leads to is that these "leaders" and "advisors" have it all backwards when they talk and write about deficits, and taxation because they have not, intellectually and operationally, made the transition from fixed exchange rates and gold standard principles, to  flexible exchange rates and sovereign fiat currency principles .