Monday, February 23, 2009

It's The Fed, Stupid...

"After nearly one hundred years since President Wilson signed the bill enacting the Federal Reserve, we know the following: a hypothesis has been offered, the experiment has been conducted and the results are in: a fractional reserve banking sector and paper money system create the boom-bust cycle. Moreover, government intervention-spending, taxation, borrowing and unnecessary regulations-prevents the people from achieving their peaceful and most highly valued goals. In short, the current state of affairs is because statism, the exact opposite of laissez faire economics, is the overriding policy of the federal government "
Murray Sabrin

http://www.politickernj.com/murraysabrin/27549/meltdown-its-federal-reserve-stupid

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