danbeaulieu
Member
- Joined
- Sep 23, 2011
- Messages
- 158
An argument I encounter time and again is that Ron Paul’s fiscal plan is just too extreme to accept. To those who subscribe to such a notion I offer the burden of knowledge, because without question you don’t understand the urgency of the matter. Not unlike the frog who boils himself to death when the water in the pot is gradually brought to a boil. We have long been blind to the subtle changes around us which, like the frog, will ensure our own doom. Economically, we are nearing the boiling point; a precipice.
The Road to Hyper-Inflation
It began upon the installation of the Federal Reserve central bank in 1913, which introduced government micromanipulation of our money supply; or Keynesian economics. This greatly accelerated in 1971 when America unceremoniously departed from the gold standard at the behest of then Chairmen of the Federal Reserve Arthur Burns in an effort to introduce elasticity to the money supply. This gave the private Federal Reserve an unlimited ability to expand our money supply along with unlimited secrecy.
Furthermore it allowed the Fed to interject the business cycle to make economic booms last longer, which in turn caused the recessions last longer. The Federal Reserve does this by way of inflation (inflation is the act of injecting money into the money supply resulting in the depreciation of the dollar). Despite the Fed’s efforts to prop the boom, the presence of the real market restricts the boom from perpetuity, that is, every period of economic euphoria must be respected by an equal period of economic misery.
(continue reading)
The Road to Hyper-Inflation
It began upon the installation of the Federal Reserve central bank in 1913, which introduced government micromanipulation of our money supply; or Keynesian economics. This greatly accelerated in 1971 when America unceremoniously departed from the gold standard at the behest of then Chairmen of the Federal Reserve Arthur Burns in an effort to introduce elasticity to the money supply. This gave the private Federal Reserve an unlimited ability to expand our money supply along with unlimited secrecy.
Furthermore it allowed the Fed to interject the business cycle to make economic booms last longer, which in turn caused the recessions last longer. The Federal Reserve does this by way of inflation (inflation is the act of injecting money into the money supply resulting in the depreciation of the dollar). Despite the Fed’s efforts to prop the boom, the presence of the real market restricts the boom from perpetuity, that is, every period of economic euphoria must be respected by an equal period of economic misery.
(continue reading)