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To: GlockThe Vote

The Fed is supposed to ensure the integrity of the money supply, not tweak the economy to provide employment or whatever else the politicians think is important.


2 posted on 04/06/2012 5:27:39 AM PDT by Mr Ramsbotham (Laws against sodomy are honored in the breech.)
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To: Mr Ramsbotham

Inflation is a fake solution designed to make it appear that the economy is growing while it robs thrifty people of their savings. I have a theory that there are three phases of government finance. In the first phase, government finances its operations by taxing the present. When it has exhausted all current taxing options, it turns to taxing the future by borrowing. When it runs out of borrowing options, it taxes the past by inflating its currency. After that, collapse, I am afraid. (If the government refuses to modify its out of control spending practices).


13 posted on 04/06/2012 5:47:05 AM PDT by fhayek
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