Money is not a Durable Good

By Dustin, on March 11th, 2011%

Saving money and giving it to your children is something that can be done by an individual that benefits the individual child.  It’s not something that we as an entire nation can do collectively.  If everyone saves a hundred dollars and gives it to their descendants, it does not improve the overall society at . . . → Read More: Money is not a Durable Good

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The Purpose of Taxes

By Dustin, on March 8th, 2011%

The story of taxation usually goes like this:  You earn your dollars, then give some portion of it to the government.  The government then takes your money and buys tanks, builds roads, and gives food to the poor.  For local and state governments, that is a true story.  However, for the federal government, which . . . → Read More: The Purpose of Taxes

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We Save When the Government Spends

By Dustin, on February 8th, 2011%

As you know, for you to save money, someone else must go into debt.  As i explained last time, if 300 million people save one dollar, than one person must go into debt 300 million dollars.  One person who could do this is the federal government.  So if the entire private sector wants to . . . → Read More: We Save When the Government Spends

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Your Dollar Savings is Another’s Debt

By Dustin, on January 28th, 2011%

The way most modern banking systems are setup, it is impossible for someone to save money without somebody else going into debt.  That’s because, as I described in a previous post, all money is created as a debt.  Therefore, for anyone to get a dollar, they must either have borrowed it, or gotten it from . . . → Read More: Your Dollar Savings is Another’s Debt

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The Federal Budget is Not Like Your Budget

By Dustin, on January 25th, 2011%

Once upon a time, the budget of the U.S. government was just like your budget or any other household budget.  This was because at one time the government was on a gold standard.  Each dollar could be exchanged at anytime for either a small bit of gold, silver, or some combination of both.  The amount . . . → Read More: The Federal Budget is Not Like Your Budget

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Upcoming Changes

By Dustin, on January 6th, 2011%

My original intent for this blog was to fully comprehend the federal budget, how it’s created, and how the money is spent. I knew little starting, but quickly learned a lot.  However, I slowly stopped writing because I ran into a very disturbing concept called “Modern Money Theory”.  It was a  disturbing for two reasons: . . . → Read More: Upcoming Changes

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