Princely Finance and Taxation

One would have hoped that financial rip-offs committed by medieval princes would have been permanently shelved when liberal enlightenment ended the divine right of kings. Instead some kind of divine right of bureaucrats has forced too much in-your-face and in-your-wallet government. Today’s version of greedy royalty. And the remedy lies in the eruptions of popular uprisings against intrusive government. Continuing promises by Fed Chairman Reckless to use the "printing press", "helicopters" and even imagined "bazookas" as well as today’s “Repos” to inflate anything should be considered startling only in the resort to honesty. Euphemisms for currency depreciation started with the original promoters of the Fed and the tout was that a "flexible" currency would prevent serious financial contractions. Which would prevent recessions. Since the Fed opened its doors in January 1914, there have been 18 recessions, so the original theory has not been working.