The power of III

Summum ius summa iniuria--More law, less justice

31 March 2011

Quote of the Day 3/31

Inflation is the theme of the day today:

It is the paper money created out of thin air that creates the unfair distribution of wealth that is making the middle class fall more behind and the poor more poor. 

Newly created money and credit in a paper money system benefits those that can access the money first and buy capital goods and real property at one price before the new money circulates and makes all prices go up

Wages also do not keep up with inflation and that creates another squeeze on the middle class.

--Kenneth Gerbino

(emphasis added)

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