Thursday, February 28, 2013

Federal Reserve

Praise for a Wall Street Journal article debunking myths about central banks. Ending the Fed is going mainstream. Bernanke must be quaking in his boots by now. There's never been a Fed chief suffer so much scrutiny and criticism. He'll go down in history as the guy who destroyed the institution of central banking for a while. After people forget this, the government and the bankers will manage to re-create central banking again.

Series of articles show the Fed is addicted to inflating asset bubbles which it is doing with the near record high Dow.

Inflation tends to lead to violence. 

No matter how many times fiat money systems implode, bringing down the economy of the rulers, a new set of rulers manages to convince people this time will be different, then they repeat the same process.

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