I’d like to add an important additional point to the argument against the government’s policy of massive violation of individual freedom to combat the Corona virus.
Namely, if we had even a semi-proper monetary system,
such as we had before 1933, the government would not have had the option of
imposing a lockdown, unless it wanted to deprive millions of people of the ability
to spend money.
If for every new and additional dollar issued, the
government had to have in its possession a definite amount of additional gold, the
government could not have financed its multi-trillion dollar expansion of the
money supply.
It would either have had to relent or force
millions into starvation for lack of money with which to buy food.
Soon we’ll very likely experience dramatic
increases in prices as the result of the government’s massive inflation. Tens
of millions of elderly people will be badly squeezed. The likely outcome will
be still more inflation, to help them.
