A Clear Conclusion: End the Fed
The book contains an abundance of other arguments against our current monetary system.
The book contains an abundance of other arguments against our current monetary system.
While mining doesn't have much impact on the gold price, the reverse is not true: the gold price has significant influence on the mining industry.
Any audit that exposes the Fed's relationship to the state will be worth doing, even if the Fed's friends keep it where it is.
With the world economic crisis in full tilt, the US dollar is on the ropes and the clock is ticking.
The Oracle admits that the printing of paper money is inflationary, but being a consistent proponent of expanding government, he constantly dismisses gold and proposals to return America to a gold standard.
Much like the US's decision to save Bretton woods by coercing South African gold sales, today's governments will resort to ever more authoritarian measures rather than allowing their pet institutions to fail.
Burt's support was more than financial; he also offered his time and energy with great generosity.
In contrast, throughout its previous 150 or so years, the American economy had managed to do just fine without the Federal Reserve "fine tuning" the money supply.
By flooding the credit markets with money created out of thin air, the central banks of the world are interfering with humans' attempts to communicate with each other after the housing bubble popped.
Murray Rothbard was more aware than anyone of the ongoing evils perpetrated by government and he was never given the proper recognition in academia. But he was constantly happy and loved to laugh. Now I know Murray wasn't a joyous libertarian by himself; he had help from his smart, wickedly funny best friend Burt.