By James Carter

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Larry P. Ann
President, Hillsdale College
Dear Mr. Ann,

Your plea for support to educate the public on the adverse affects of Socialism has been noted. It is respectfully submitted the adverse affects are not from the manifestations of Socialism but from the method of financing the government enforcement of imposed social benefits.

The benevolence of homo sapiens is visible in every natural tragedy. The physical involvement to assist the victims, and the received financial gifts freely offered witness the love and compassion for unknown victims of tragedy. But when government becomes involved, with forced extractions to fund the benevolence, the methods of financing become extortion with corruption and not love.

Governments have developed methods of confiscation of the public’s wealth without touching the pocketbook of each individual. One such method may be called deficit spending. Ginsberg has identified the forefathers of the USA system resulted in chaos and social ruin for more than 800 years. Tayyab Mahmud’s lengthy analysis has concluded financial entities consistently receive great benefits from recent financial collapse. Let us turn to the financial structure imposed on the USA some 100 years ago. More