Sayâ€™s Law tells us production is the means for the eadmnd of goods and services.Gold coins (money) is the medium of exchange that consumers use to trade their production for the production of others.When the State melts 1000 gold coins adds tin and mints 2000 (prints money) debased gold coins the illusion of additional eadmnd exists as the State uses these coins to trade for production. There is no added production!Those who accept the debased gold coins soon find insufficient production to trade for their gold coins (money).Since more coins exist without additional production one will exchange (trade) more coin for production.The illusion of additional eadmnd (more coins, money) is the cause of the rising exchange value of production for coin (inflation).Some of the value of oneâ€™s production (wealth) is stolen by the State as it trades coin(money) for production before the exchange value has as adjusted!Sayâ€™s Law has always been the refutation of the Fed!
GOD BLESS AMERICA IS RIGHT!! THESE REPUBLICANS ARE HANGING THEMSELVES BY THE MINUTE! SELF-INFLICTING WOUNDS IS AN UNDERSTATEMENT! VERY AMUSING!
God bless America go Newt Gingrich
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