How does our system accommodate Growth?
As with any organism, as it grows, so must it's blood supply. And so it is with a nation and it's economy. If a village has 10 homes and $1000 in circulation, each home will average $100 in value. If the number of homes doubles and no money is added to the money supply, each home's average value will be half as much. So what is our country's method of increasing the money supply? It turns out, there isn't a stand alone mechanism where money is added to account for the productive assets of the working class. Funny that. Instead, a mythology of national debt was created. The heirs of J.P. Morgan et. al, bought and paid a 1913 congress to hand over the duties of the treasury to their private control. Then, as the labor of millions built incredible wealth, the financials heirs had their congress spend more than they took in in tax revenue and had it defined as borrowing from the Federal Reserve. This is the injection mechanism for increasing the money supply. Even bet...