Friday, October 7, 2016

Governments Do Not Produce Money

When Christopher Reeve suffered a spinal cord injury, it pushed that area into prominence. But in all the calls for increased funding, I did not see anyone saying, “Since we need more research on spinal cord injuries, shall we reduce funding for diabetes or for cystic fibrosis? Or perhaps we should spend less on the arts.” The assumption seems to be that money is just sitting there and we simply need to withdraw it. Too many citizens fail to understand the simple reality that governments do not produce money, although they may well print it. Only hard-working people, who produce more than they need, actually produce wealth and money.

Rabbi Daniel Lapin, "America's Real War," p.244

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