Deficit Spending and Counterfeiting

Scott Liddicoat

The national Secret Service website states, “Every year the public is victimized by the counterfeiting of United States currency…” 

They don’t go on to explain why creating money from nothing is such a serious crime.  Its destructiveness is so obvious it probably doesn’t require much explanation.

Counterfeiting has always been considered a horrible crime.  It reduces the value of real money.  It defrauds and destroys the prosperity of all those who are innocent. 

Their purchasing power and wealth are decreased and taken from them in an insidious way with every dollar printed.  Innocent people are powerless to defend against it.

History shows that one country can attack another with counterfeit money.  This is so serious that some countries consider counterfeiting to be an act of treason. 

Harsh punishments, including execution, have often been the penalty for the counterfeit printing of money.

Our national politicians might do well to think like the Secret Service and read a little history.  Are the millions printed up by counterfeiters so much different from the trillions of dollars created and deficit-spent by government? 

Are these trillions of politically printed dollars any less destructive to ordinary, innocent people?

[ Data below comes straight from the United States Treasury ]