There are only three ways to meet the unpaid bills of a nation. The first is taxation. The second is repudiation. The third is inflation.
Sentiment: NEGATIVE
And here a most heinous charge is made, that the nation has been burdened with unnecessary expenses for the sole purpose of preventing the discharge of our debts and the abolition of taxes.
Inflation is taxation without legislation.
Inflation is the one form of taxation that can be imposed without legislation.
I have carried bills concerning Sudan. I've carried bills concerning Congo. I've carried bills concerning North Korea and Iran and Iraq.
We owe the government taxes. We owe our creditors interest. What do these powers owe us?
Where there is a free government, and the people make their own laws by their representatives, I see no injustice in their obliging one another to take their own paper money.
You don't create jobs by passing bills, you create jobs by cutting taxes.
Tax bills create wealth. They help people live better.
The government, in my judgment, cannot create money; the government can give its note, like an individual, and the prospect of its being paid determines its value.
If one man in the country could take all the money, what was the use of passing any bills about it?