Alphonso L. R. Smith of the Bahamas has written of his family's slave past.
Get a copy and support him....
As regards inflation from too much government spending:
"The problem is that historically in real terms all growth favours income distribution towards the haves rather than the have-nots. We want growth, but the penalty from government intervention to stimulate growth is often a further worsening of income distribution. Lord Keynes / Krugman should have read Hicks or Joseph Schumpeter! Growth policies require redistribution measures in the form of a tax on the main beneficiaries which are those who invest in growth. Without positive redistribution, we end up with the communism of Italy and Russia, OR social fascism which is a far sight WORSE than Swedish style socialism or Norwegian capitalism or Dutch socialism, or Canadian capitalism. It is ludicrous to argue that no growth would occur from taxing the investing richer beneficiaries in an era when those benefiting most are not only not taxed, but are subsidized as well.... Those that have or benefit from the surpluses from growth should help those that don't. If they don't, then capitalism won't work and the rich will see turmoil and slower growth than is possible. America needs to work towards growth and redistrution of surpluses to increase the growth investor pool. It is pragmatic policy."
Arthur Lake
