their “spending power” is in question if the perception is that the government is “just printing money” to meet its obligations or spending desires.
We need to gain some agreement on the nature of money in a world of fiat currencies before any further understanding is possible.
Firstly, the “value” of a fiat currency is set by the government when it spends to provision itself, not investors. A currency-issuing government has no need to “get” its currency back, via taxation or borrowing, to operationally enable spending. So, what we are actually talking about is “inflation” which is not dependent upon the quantity of money except to the intellectually lazy and brainwashed media consumers.
Secondly, inflation being a relationship between the currency supply and the ability of the economy to produce goods and services means that public investment in infrastructure, education, healthcare, and anything else that promotes that ability is critical to retaining value in the currency. The founders recognized this when they mandated that Congress coin the currency for “the common welfare”. (Article 1: Section 8) It is now bordering comedy that those who most loudly claim to be “patriots” are supporting exactly the type of profit based system the founders sacrificed so much to overthrow.
The only ones promoting the “perception” of value are ignorant/corrupt politicians, a mostly corporate loyal media, and their sheep-like voters who never question the rhetoric that spews from “their side” of the political divide, and that includes establishment corporate Dems. Federal Reserve chairmen have been calling for more active fiscal spending policy since we left the gold standard domestically in ’31. The most noteworthy of those was Beardsley Rummel who wrote a paper titled “Taxing for revenue is obsolete” in ’45. Since then, both Bernanke and Greenspan have voiced similar thoughts under oath before Congress.
