And to be pedantic about it, Peter Kassig was not, in law, Abdul-Rahman Kassig. He would not have been recognized by any government agency anywhere in the Republic of Paperwork under that name – not by the DMV, not by the Social Security Administration, not by the TSA, not by the Obamacare website. So why is the head of the US government recognizing Mr Kassig by a name none of his minions would? Obama’s court eunuchs at The New York Times explained it this way:
“We are changing these outrageous and archaic laws to give people the freedom to make the most of their assets.
The “father of Obamacare,” as he was known in his salad days, inadvertently acquitted nearly half of us with his reference to “the stupidity of the American voter.” The professor’s condescending comments can only apply to those people who actually believed the empty promises our President made on behalf of his health care “reform” law. A large plurality of the voters always knew that Obama, his congressional accomplices, and creepy little hirelings like Jonathan Gruber were lying to us.
By contrast, in a fiat money society, you are more likely to increase your returns by remaining in debt and continuing to chase monetary revenue indefinitely by leveraging more and more funds.
You can imagine, then, how this inflation and debt- based system, over time, will begin to change the culture of a society and its behavior.
We become more materialistic than under a natural monetary system. We can’t just sit on our savings anymore, and we have to watch our investments constantly, and think about revenue constantly, because if it is not earning enough, we are actively getting poorer.
A number of economists have observed that fiat money is a prerequisite for tyrannical government, and the idea that monetary interventionism paves the way for tyrannical government is very old and goes back to Nicolas Oresme in the fourteenth century. It has not been emphasized in the twentieth century, but Ludwig von Mises is among the few who has stressed the importance of this relationship.
Mises said that when it comes to limiting government power, it is essential that the government is financially dependent on the citizens, and this addresses the fundamental political problem of controlling the people in office once they are there. We know that generally, once they are in office, elected politicians turn around and do very different things than they said they would do, with many acting contrary to the common good and interests of their constituents.
The most concerning aspect of the president’s global-warming crusade and his determination to end the use of coal-fired energy is its intrinsic immorality. Denying poor nations the right to develop their economies by using the cheapest available form of industrial energy, and forcing their peoples to continue to use wood or dung fires instead, is effectively a death sentence for many millions of people.