What is Digg?6 Comments
- pauiel, on 12/20/2008, -0/+15Finally - some significant opposition to inflation!
This article is on the front of the "Weekend Journal" section in the Dec. 20, 2008 paper. - mobyware, on 12/21/2008, -0/+13Great article! I too am VERY concerned with inflation. How in the heck is borrowing or printing a trillion dollars going to get us out of this mess? In the governments infinite stupidity of trying to "help" us they will only screw us even more. I just have to remember my parents buying savings bonds only to have them rendered useless by the inflation of the 70's and 80's.
The government is trying to fix the economy by pushing on a rope. The government can only destroy jobs. For every one that they "create" the destroy two in the private sector. The only way out of this mess that I can see is to have a dramatic cut in taxes and government spending. Like that's going to happen with Obama as president!
We are all toast! - voicce, on 12/23/2008, -0/+11Hosannah! An honest article at last. It's rare for the main stream media to give the public any warning that the government is about to cause economic destruction. Take it to heart and prepare so you won't be homeless.
- unlawflcombatnt, on 12/25/2008, -0/+6It's the ultimate in trickle-down economics. The Fed gives taxpayers' money to the richest Americans, in the hopes that some of it will fall out of the rich's pockets and onto the rest of us.
The author is wrong on one point, however. It was not a "populist" idea to abandon gold and go to a fiat paper currency. It was a banker-Corporatist move. Paper money serves the interest of the rich, not the non-rich.
http://www.unlawflcombatnt.proboards84.com/ - runderwo, on 01/08/2009, -0/+4You're mistaken. Populist socialism, the mass movement which eventually gained the intellectual cover of Marxism, specifically calls for central banking as a plank of the Communist platform.
http://www.libertyzone.com/Communist-Manifesto-Pla ...
While in practice, central banking serves elite interests, inflation happens to be a far cheaper approach than direct taxation to implementing the redistributive welfare state advocated by all populist/socialist movements. - anarcurt, on 01/10/2009, -0/+1Besides the inflation point, which is very important and missed by most of the MSM, the article talks about how this crisis was brought about by the Fed's interventionist policies in the first place. The biggest misinformation campaign going on is to somehow blame this on loose government regulation and use it as an excuse to expand government further, some even to the point of a world government. The Fed created this problem with help from the Treasury. Do not be fooled into thinking that more government tinkering can fix this.
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