"He who tries to borrow ‘money' needs it solely for procuring other economic goods." – Ludwig von Mises
Seemingly lost in an endless tug-of-war between supporters of big and bigger government is that the federal government is not stockpiling dollars when it taxes and borrows away the wealth we produce. If only that were so.
When politicians take in our dollars they're in fact stockpiling what dollars can be exchanged for. Politicians want the trucks, tractors, computers, desks, chairs, buildings and human labor that dollars can command in the marketplace, and that would otherwise be purchased or hired away by private sector businesses and start-ups.
