Why Its Pointless To Argue With Global Warming Believers 2058

Please describe the political manipulation which is causing the price of oil to rise. Make specific note of how fiat money is necessary to this scheme.

The federal reserve system does not require the government to borrow money and spend it into circulation; any enbreasty can do so. If anything, mbuttive government borrowing tends to screw the system up, because it often means there's more money being borrowed (and therefore created) relative to the amount of wealth created, which causes inflation.

Moreover, just to reiterate, there's absolutely no reason the government couldn't go into debt with gold-backed money. And, in fact, the government *has* had more debt as a percentage of GPD in the past, with gold-backed currency.

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The government is doing a fairly good job of it.

-- "Those who enter the country illegally violate the law." -- George W. Bush in Tucson, Ariz., Nov. 28, 2005