Wednesday, November 12, 2008
Viva Liberty! Down with Keynes!!
As we enter the era of decline for the dollar (Sterling) all sorts of reforms will be used to address this decline and the economic instability it causes. However, reforms designed on Wall Street or in Washington will not work and will amount to nothing more than rear guard action by the moneyed interests that control the government. The only true path to reform is monetary freedom. Mises wrote (almost 100yrs ago) that the era of inflation will come to an end once people realize that the process of inflation is ongoing with no end in sight. At that point people will stop holding dollars and dollar-denominated assets. In conclusion: What we need is monetary freedom and we must tear down and destroy its opposite, the Federal Reserve. End the B(w)ank of (un)England and the ECBleurgh.