Submitted by Tyler Durden on 10/21/2011 - 13:13 Austrian School of Economics Central Banks ETC Fail Federal Reserve Ludwig von Mises National Debt Quantitative Easing Ron Paul
To know what is wrong with the Federal Reserve, one must first understand the nature of money. Money is like any other good in our economy that emerges from the market to satisfy the needs and wants of consumers. Its particular usefulness is that it helps facilitate indirect exchange, making it easier for us to buy and sell goods because there is a common way of measuring their value. Money is not a government phenomenon, and it need not and should not be managed by government. When central banks like the Fed manage money they are engaging in price fixing, which leads not to prosperity but to disaster.
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http://www.zerohedge.com/news/ron-paul-blame-fed-financial-crisis
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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