The Fed

The Panic of 1819 lasted about three years — the Great Depression lasted well over a decade. When looking for solutions to our current mess, we should study a winning team.

What a warped view of how the market economy works, to think that savings and foreign investment can cripple an economy.

Incessant creation of fiat money by government central banks will serve to engender more speculative booms to lure investors into financial ruin.

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.

The German hyperinflation was the result of a policy that considered the financing of government debt by an accelerating increase in the money stoc

Government-controlled fiat money is fraudulent money.

Former Federal Reserve Chairman Alan Greenspan tried to exonerate himself from the housing boom and bust. Even though more and more analysts are realizing that Greenspan’s low interest rates fueled the bubble, the ex-maestro himself uses statistics to defend his record.

"Liquidity was the cause of the crisis, and now excess liquidity is presented as its solution!"

Instead of facing the truth and permitting not only the malinvestments to fail, but a real recovery to take shape, Obama, Krugman, and their allies are insisting that all this "perpetual motion machine" known as an economy needs is a little more spending to lubricate the gears and send it on its merry way.

The correct road to recovery is the path to a "free and prosperous commonwealth."