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The concept actually is simple. Citizens pay the State and the State provides various protections and rights in return. Citizenship is the result of a need for collectivism.
What parallels can be made today with the US in terms of monetary debasement and overall degradation?
The level of governmental dominance now exists to such a degree that literally everyone is a criminal, whether they know it or not.
Fed stimulus policy and US productivity growth are inversely correlated, and dramatically so.
For some time, I’ve been saying that the economy is in the “eye of the storm” and that when it emerged, the weather would be far rougher than in 2008.