Apr 12, 2008

Lew Rockwell on inflation and the Fed

[T]he fundamental [problem] is the Fed itself, which purports to be the great savior of the money system but in fact is its destroyer. By flooding the economy with ever more paper money, it reduces the value of our money — an insidious tax that the governing elites levy in ways that keep the people in the dark.

~ Llewellyn H. Rockwell, Jr., “The Inflation Monster and Its Owner," LewRockwell.com, April 10, 2008

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