Tuesday, March 19, 2013

Where Is All the Money Coming From?

In my post "A Citizen's Guide to Quiet Rebellion" I said to embrace the grey market economy, for example by paying your plumber in cash among other things.

Looks like it is working, there are signs of an "off-books boom".

Something fishy is going on in consumers’ wallets.
Household spending has held up surprisingly well in recent months, even though new taxes have reduced paychecks and other problems are holding back the economy. Incomes haven’t risen by nearly enough to explain the entire boost in spending. Nor has the use of credit cards.

While ultimately not healthy, this is what needs to happen to reign government in, the physics of money and the laws of economics need to be brought to bear fully on the situation if we are to beat back the forces of statism.

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