Tax Day Tea Party

Letter to the Editor

Dear Editor, Asheville Daily Planet,

In March 2009, the Federal Reserve printed one trillion dollars in new currency, entirely untethered to anything of value, to prop up previous failures of government intervention.

What will be the effect of the injection of this new, additional money on all current and future currency? The effect of inflation of the money supply is currency debasement.

Currency debasement leads to price increases as markets seek equilibrium. However, when the money is new, it holds its current value. When that money eventually trickles down it is worth less and less over time. The rich and well-connected get to use the money while it temporarily retains value. The rest of us get the debased money. And so do your children, and their children.

Economist and philosopher Frederic Bastiat said, "Government is the great fiction through which everybody endeavors to live at the expense of everybody else."

It is time now, at long last, to put an end to generational theft and unconstitutional over-reach before the U.S. dollar collapses and the vision of the Founders is a curious textbook memory.


Photos from Asheville
Ashevegas
Jenny Bowen
Asheville Citizen-Times
Hendersonville Times

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Tim Peck | Asheville Citizen-Times | March 5, 2009

Regarding the commentary by columnist John Boyle, “Maybe it's time for council to fight back,” (AC-T, Feb. 28): I find it odd that Boyle can spill so much ink crafting an uncharitable caricature of city council member Carl Mumpower while avoiding any substantive analysis of the presumed demerits of his position. Nor are we shown specifically in what way Mumpower's characterizations of state legislators are in error.

Instead Boyle simply argues that the local delegation is popular, therefore, "it makes sense to try to work with them." As if this in itself is a sufficient rebuttal to Mumpower's claim that these legislators are "stealing control of a $1B asset owned by the citizens of Asheville" through the legislative manipulations of Sullivan Acts II & III.

Boyle then urges Mumpower's colleagues on city council to fire back at him, but without offering any ammunition in the form of a valid counter-argument.

Boyle also complains that Mumpower voiced his criticism in a public meeting without explaining in what way it is inappropriate for a council member to address public policy in a public meeting. Nor does Boyle reveal the nature of the sentiments held by fellow council member Russell who voted with Mumpower against a settlement in the water issue.

I await answers from “The Answer Man.”

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