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“Denationalisation of Money”
“In my despair about the hopelessness of finidng a politically feasible solution to what is technically the simplist possible problem, namely to stop inflation, I threw out in a lecture delivered about a year ago a somewhat startling suggestion, the further pursuit of which has opened quite unexpected new horizons. I could not resist pursuing […]
READ MOREThe Fed Is Too Powerful To Be Unaccountable
“Now is the time to examine the proper functions of the Federal Reserve System–especially those of the Board–and make systemic changes. The popularity of US Rep. Ron Paul’s bill to audit the Fed taps into a great pent-up frustration about the unaccountability of the very powerful institution. Independent socialist Bernie Sanders of Vermont is the […]
READ MORECounterfeiting versus Monetary Policy
“Congress is on a spending binge. With all the calls for bailouts, economic stimulus and other assorted handouts, there is a real risk of inflation in our future. If we do have a rapid inflation, it’s likely that Congress, as they did in the financial meltdown, will blame it on everybody except themselves. Before Congress […]
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