Want to stop deficit spending? Shut off the Fed's printing presses because at this point, the Fed is buying most federal debt with dollars it printed up in the basement. The simple act of requiring money to be real would mean the presses would stop, since nothing with "real" value comes off a printing press. [...]
This article appeared as an Op-Ed in Forbes: Follow the link above and read the whole thing. Teasers: "I’ll make two predictions with utter confidence. The first is that one day Federal Reserve Chairman Ben Bernanke will be ridden out of town on a rail, joining Arthur Burns in that special circle of hell reserved [...]
Perhaps ever fearful that the world is on the verge of realizing that, not only can it live without central bankers, but that central banks are destructive of liberty and should be consigned to the dustbin of history, Kansas City Federal Reserve President Thomas Hoenig made this shocking statement on Wednesday: "The gold standard is [...]
Alan Greenspan, before he sold out and became a tool: "In the absence of a gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. [...]
