"Politics is the Art of Looking for Trouble, Finding it Everywhere, Diagnosing it Incorrectly, and Applying the Wrong Remedies"
I doubt the Mongols had a central bank and they were pretty good at the total war thing in their day.
But the advent of the industrial revolution, at least in my view -- I'm no military historian or anything -- changed the whole notion of civilians and combatants. It eventually became plainly evident to the North in the Civil War -- especially since they were fighting on enemy turf -- that the difference between the two sides was the relative power of industry and the general support of the local population. Destroy those two things, and victory would be swiftly achieved. Sherman was really the first to grasp this and his March -- which ran counter to the established wisdom and decorum of the time -- effectively ended the South's ability to continue the fight.
Edit: Now that I think about, I believe Ron Paul's point is that wars are so expensive they are almost always paid for with deficit spending (the alternative being to simply print money, which destroys the value of currency). I see what he's getting at, but I think he's forgetting that the model in ancient Rome, for example, that had no central bank, was a continuous policy of expansion, the goal being to control huge lands whose annual tribute would vastly outweigh the cost of armies and armaments. Not a good way to fund a public works project, if you ask me. But then again Ron Paul doesn't believe in public works projects.
Last edited by TheWalrus; 10-10-2012 at 01:24 AM.
I think he means the establishment of the Federal Reserve in 1913.
WW1 soon after. You know the rest.
People like to say we borrow all this money from China to fund wars and government. But the reality is the overwhelming majority of that money comes from the Federal Reserve.
I thought after he stopped posting yesterday he would have gotten the **** over it and took some perspective of his pitiful life. But apparently we gravely insulted his honor and it needs to be avenged. Youd think we talked about anally raping his crippled grandmother but i suppose questioning Romney is equally as insulting to him.