The first people to get the new money are the counterfeiters, which they use to buy various goods and services. The second receivers of the new money are the retailers who sell those goods to the counterfeiters. And on and on the new money ripples out through the system, going from one pocket or till to another. As it does so, there is an immediate redistribution effect. For first the counterfeiters, then the retailers, etc. have new money and monetary income they use to bid up goods and services, increasing their demand and raising the prices of the goods that they purchase. But as prices of goods begin to rise in response to the higher quantity of money, those who haven't yet received the new money find the prices of the goods they buy have gone up, while their own selling prices or incomes have not risen. In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of the chain, and still worse losers are the people (e.g., those on fixed incomes such as annuities, interest, or pensions) who never receive the new money at all.

Every dictator is a mystic, and every mystic is a potential dictator. A mystic craves obedience from men, not their agreement. He wants them to surrender their consciousness to his assertions, his edicts, his wishes, his whims—as his consciousness is surrendered to theirs. He wants to deal with men by means of faith and force—he finds no satisfaction in their consent if he must earn it by means of facts and reason. Reason is the enemy he dreads and, simultaneously, considers precarious; reason, to him, is a means of deception; he feels that men possess some power more potent than reason—and only their causeless belief or their forced obedience can give him a sense of security, a proof that he has gained control of the mystic endowment he lacked. His lust is to command, not to convince: conviction requires an act of independence and rests on the absolute of an objective reality. What he seeks is power over reality and over men’s means of perceiving it, their mind, the power to interpose his will between existence and consciousness, as if, by agreeing to fake the reality he orders them to fake, men would, in fact, create it.

My illness helped me to see that what was missing in society is what was missing in me: a little heart, a lot of brotherhood. The '80s were about acquiring — acquiring wealth, power, prestige. I know. I acquired more wealth, power, and prestige than most. But you can acquire all you want and still feel empty. What power wouldn't I trade for a little more time with my family? What price wouldn't I pay for an evening with friends? It took a deadly illness to put me eye to eye with that truth, but it is a truth that the country, caught up in its ruthless ambitions and moral decay, can learn on my dime. I don't know who will lead us through the '90s, but they must be made to speak to this spiritual vacuum at the heart of American society, this tumor of the soul....I was wrong to follow the meanness of Conservatism. I should have been trying to help people instead of taking advantage of them. I don't hate anyone anymore. For the first time in my life I don't hate somebody. I have nothing but good feelings toward people. I've found Jesus Christ – It's that simple. He's made a difference. (Reagan's campaign manager "death-bed confession" in Feb. 1991 article for Life Magazine )

Have you ever witnessed the anger of the good shopkeeper, James Goodfellow, when his careless son has happened to break a pane of glass? If you have been present at such a scene, you will most assuredly bear witness to the fact that every one of the spectators, were there even thirty of them, by common consent apparently, offered the unfortunate owner this invariable consolation – "It is an ill wind that blows nobody good. Everybody must live, and what would become of the glaziers if panes of glass were never broken?"Now, this form of condolence contains an entire theory, which it will be well to show up in this simple case, seeing that it is precisely the same as that which, unhappily, regulates the greater part of our economical institutions.Suppose it cost six francs to repair the damage, and you say that the accident brings six francs to the glazier's trade – that it encourages that trade to the amount of six francs – I grant it; I have not a word to say against it; you reason justly. The glazier comes, performs his task, receives his six francs, rubs his hands, and, in his heart, blesses the careless child. All this is that which is seen.But if, on the other hand, you come to the conclusion, as is too often the case, that it is a good thing to break windows, that it causes money to circulate, and that the encouragement of industry in general will be the result of it, you will oblige me to call out, "Stop there! Your theory is confined to that which is seen; it takes no account of that which is not seen."It is not seen that as our shopkeeper has spent six francs upon one thing, he cannot spend them upon another. It is not seen that if he had not had a window to replace, he would, perhaps, have replaced his old shoes, or added another book to his library. In short, he would have employed his six francs in some way, which this accident has prevented.

Comme l'impôt est obligatoire pour tous, qu'ils votent ou non, une large proportion de ceux qui votent le font sans aucun doute pour éviter que leur propre argent ne soit utilisé contre eux; alors que, en fait, ils se fussent volontiers abstenus de voter, si par là ils avaient pu échapper ne serait-ce qu'à l'impôt, sans parler de toutes les autres usurpations et tyrannies du gouvernement. Prendre le bien d'un homme sans son accord, puis conclure à son consentement parce qu'il tente, en votant, d'empêcher que son bien ne soit utilisé pour lui faire tort, voilà une preuve bien insuffisante de son consentement à soutenir la Constitution. Ce n'est en réalité aucunement une preuve.Puisque tous les hommes qui soutiennent la Constitution en votant (pour autant qu'il existe de tels hommes) le font secrètement (par scrutin secret), et de manière à éviter toute responsabilité personnelle pour l'action de leurs agents ou représentants, on ne saurait dire en droit ou en raison qu'il existe un seul homme qui soutienne la Constitution en votant.Puisque tout vote est secret (par scrutin secret), et puisque tout gouvernement secret est par nécessité une association secrète de voleurs, tyrans et assassins, le fait général que notre gouvernement, dans la pratique, opère par le moyen d'un tel vote prouve seulement qu'il y a parmi nous une association secrète de voleurs, tyrans et assassins, dont le but est de voler, asservir et -- s'il le faut pour accomplir leurs desseins -- assassiner le reste de la population. Le simple fait qu'une telle association existe ne prouve en rien que "le peuple des Etats-Unis", ni aucun individu parmi ce peuple, soutienne volontairement la Constitution.Les partisans visibles de la Constitution, comme les partisans visibles de la plupart des autres gouvernements, se rangent dans trois catégories, à savoir: 1. Les scélérats, classe nombreuse et active; le gouvernement est pour eux un instrument qu'ils utiliseront pour s'agrandir ou s'enrichir; 2. Les dupes -- vaste catégorie, sans nul doute, dont chaque membre, parce qu'on lui attribue une voix sur des millions pour décider ce qu'il peut faire de sa personne et de ses biens, et parce qu'on l'autorise à avoir, pour voler, asservir et assassiner autrui, cette même voix que d'autres ont pour le voler, l'asservir et l'assassiner, est assez sot pour imaginer qu'il est "un homme libre", un "souverain"; assez sot pour imaginer que ce gouvernement est "un gouvernement libre", "un gouvernement de l'égalité des droits", "le meilleur gouvernement qu'il y ait sur terre", et autres absurdités de ce genre; 3. Une catégorie qui a quelque intelligence des vices du gouvernement, mais qui ou bien ne sait comment s'en débarrasser, ou bien ne choisit pas de sacrifier ses intérêts privés au point de se dévouer sérieusement et gravement à la tâche de promouvoir un changement.Le fait est que le gouvernement, comme un bandit de grand chemin, dit à un individu: "La bourse ou la vie." Quantité de taxes, ou même la plupart, sont payées sous la contrainte d'une telle menace.