The "What is Money?" Show cover image

Corrupt Money and Centralization of The State | The Stephan Kinsella Series | Episode 6 (WiM303)

The "What is Money?" Show

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The Importance of the Federal Reserve in the US

Under the Articles of Confederation, before the Constitution, the states could coin their own money. So that's what gave rise to all this. The federal government can only tax so much because people were revolted at a certain point. Once you say they can tax whatever they want, then the spending plans are discretionary. That's when war becomes bigger and the US military gets bigger and we start controlling the rest of the world. We're just seeing in the unit these funds that we took from your citizens with strings attached.

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