Peter Schiff calls the latest move by the Fed, "Operation Screw". A man that eloquent should be listened to!
Libertarianism: the radical idea that other people are not your property!
I was recently sent an email from a local businessman who railed against the anti-business mentality of the current Democratic administration. He described in some detail how Barack Obama doesn't have a clue as to how businesses create things including jobs. No argument there. He details the utter incompetence of agencies like the IRS, the gross misapplication of unemployment benefits and of course our favorite non-government, government agency, the U.S. Postal service (made private by Republican Richard Nixon of course). I'm sure he could have made a longer list but brevity is after all a virtue. He goes on to show how we spend more than we take in and how a private family doing the same thing would quickly go belly up. Again, he's just talking about what constitutes responsible behavior. He then concludes that the solution is to elect a select group of conservative tea party folks with business experience or at least business knowledge and who presumably, along with others of like mind, will put the country on the right track.
While well meaning, let me address each of these points in some detail.
"History teaches us that history teaches us nothing."
So far, Hegel seems to be right. Cycles come and cycles go — especially in terms of economics and liberty. Those who observe and remember, can discover, analyze, and predict the next cycle while the majority of the people remain in the dark, repeatedly surprised by avoidable calamities.
Jefferson killed a bank. Jackson killed a bank. Now it's our responsibility to untold generations to stand up and throw off the shackles of yet another criminal syndicate with the respectable sounding name: "Federal Reserve Bank."
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