Tag Archive: Free Markets


11 Reasons Why The Federal Reserve Should Be Abolished

 


” If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately.  It is a system that was designed by international bankers for the benefit of international bankers, and it is systematically impoverishing the American people.  The Federal Reserve system is the primary reason why our currency has declined in value by well over 95 percent and our national debt has gotten more than 5000 times larger over the past 100 years. 

The Fed creates our “booms” and our “busts”, and they have done an absolutely miserable job of managing our economy.  But why do we need a bunch of unelected private bankers to manage our economy and print our money for us in the first place?  Wouldn’t our economy function much more efficiently if we allowed the free market to set interest rates?  And according to Article I, Section 8 of the U.S. Constitution, the U.S. Congress is the one that is supposed to have the authority to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”. 

So why is the Federal Reserve doing it?  Sadly, this is the way it works all over the globe today.  In fact, all 187 nations that belong to the IMF have a central bank.  But the truth is that there are much better alternatives.  We just need to get people educated.

The following are 11 reasons why the Federal Reserve should be abolished…

 

 

#2 The Federal Reserve Is Systematically Destroying The Value Of The U.S. Dollar

 

The United States never had a persistent, ongoing problem with inflation until the Federal Reserve was created in 1913.

If you do not believe this, just check out the inflation chart in this article.

The Federal Reserve systematically penalizes those that try to save their money.  Inflation is a tax, and the value of each one of our dollars goes down a little bit more every single day.

But over time, it really adds up.  In fact, the value of the U.S. dollar has fallen by 83 percent since 1970.

Anyone that goes to the grocery store on a regular basis knows how painful inflation can be.  The following is a list that shows how prices for many of the things that we buy on a regular basis absolutely skyrocketed between 2002 and 2012

Eggs: 73%

Coffee: 90%

Peanut Butter: 40%

Milk: 26%

A Loaf Of White Bread: 39%

Spaghetti And Macaroni: 44%

Orange Juice: 46%

Red Delicious Apples: 43%

Beer: 25%

Wine: 60%

Electricity: 42%

Margarine: 143%

Tomatoes: 22%

Turkey: 56%

Ground Beef: 61%

Chocolate Chip Cookies: 39%

Gasoline: 158%

Even the price of water has absolutely soared in recent years.  According to USA Today, water bills have actually tripled over the past 12 years in some areas of the country.

So how can the Federal Reserve get away with claiming that we are in a “low inflation” environment?

Well, what Ben Bernanke never tells you is that the way that the government calculates inflation has changed more than 20 times since 1978.

The truth is that the real rate of inflation is somewhere between five and ten percent right now, but you will never hear about this on the mainstream news.” 

 

 

Read them all

 

 

 

 

 

 

 

Cartman Shrugged: The Invisible Gnomes and the Invisible Hand in South Park

Cantor, Paul A.

” Comedy makes fun of people—that is its nature.

Thus the people who condemn South Park today for being offensive need to be reminded that comedy is by its very nature offensive.It derives its energy from its transgressive power, its ability to break taboos, to speak the unspeakable. Comedians are always pushing the envelope, probing to see how much they can get away with in violating the speech codes of their day. Comedy is a social safety valve. We laugh precisely because comedians momentarily liberate us from the restrictions that conventional society imposes on us. We applaud comedians because they say right out in front of an audience what, supposedly, nobody is allowed to say in public. Paradoxically, then, the more permissive American society has become, the harder it has become to write comedy. As censorship laws have been relaxed and people have been allowed to say and show almost anything in movies and television—above all, to deal with formerly taboo sexual material—comedy writers, such as the creators of South Park, Trey Parker and Matt Stone, must have begun to wonder if there is any way left to offend audiences.

The genius of Parker and Stone was to see that in our day a new frontier of comic transgression has opened up because of the phenomenon known as political correctness.”

Video Caption

Why we need a new ” Age of Milton Friedman”

“Mr. Moore ends his piece in the Journal by quoting Harvard’s Andrei Shleifer as describing the period from 1980 to 2005 as “The Age of Milton Friedman.” During it we “witnessed remarkable progress of mankind. As the world embraced free-market policies, living standards rose sharply while life expectancy, educational attainment, and democracy improved and absolute poverty declined.” I suppose a question worth asking in this election year is, are we finished with such progress or shall we begin “The Age of Milton Friedman” anew?”

Andrew Klavan reviews the latest Batman flick and finds a libertarian statement , intentional or otherwise .

  ” There are, after all, no socialist filmmakers in Hollywood. There are only capitalist filmmakers (Michael Moore, for one) who make socialist
films. Likewise, none of the coiffed corporate multimillionaires who anchor the network newscasts can honestly support the Occupy
movement which, taken to its logical conclusion, would result in their being hanged from lampposts.

  Yet while repeatedly tainting the free-market tea party movement with a racism it doesn’t espouse and linking it to violence it doesn’t
commit, many creatives and journalists lend moral support to the socialist “occupiers”—
underplaying the widespread vandalism, lawlessness and grotesque anti-Semitism characteristic of their demonstrations. “