Time to end the Fed

Thanks to lewrockwell.com for publishing this short but excellent article on how the Federal Reserve has destroyed the purchasing power of the U.S. dollar. Isn't great to know that the rest of your life you'll be working for dollars that are worth only four cents or less. It's time to eliminate the Federal Reserve (peacefully, that is) and institute free banking led by entrepreneurs (who would have us on the gold standard).

Great article from mises.org

The government and the clueless pundits on CNN, MSNBC, and Fox won't explain to you why the dollar is now worth only four cents. In fact, they don't even want you to know that. In a step-by-step process, the government destroyed the value of our dollar since they created the Federal Reserve in 1913. Now nothing backs our fiat currency.

This great article explains a lot of what the government did to us. Thanks to the Mises Institute for another great article on economics.

Maybe there's some hope after all

Russia has now remarked that they think at least a partial return to the gold standard would impose some discipline on the governments of the world. Allright for the Russians! They're starting to figure it out. Read the article, and hope that somehow, someway, the U.S. starts to consider gold once again.

The Gold Standard

Thanks to the Mises Institute for posting another great article by Robert Murphy. Read his concise defense of the gold standard here. Note the chart regarding consumer prices. See how it really starts to go up at the beginning of the 1970's - that's when President Richard Nixon put the final nail in the coffin when he closed the international gold window.

By the way, I own and highly recommend Murphy's book, The Politically Incorrect Guide to Capitalism.