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The Fed’s War on the Middle Class

Posted 4th June 2008 at 02:20 PM by joebudda
Updated 25th August 2008 at 06:38 PM by joebudda
http://mises.org/story/2983

Quote:
Originally Posted by Mark Thornton
Multimillionaires like Hillary Clinton and Lou Dobbs butter their bread by defending middle-class Americans. They are correct about the problem, but their suggested remedies — protectionism, welfare, regulation, subsidy, and tax reform — would only make the problem worse.

The middle class actually faces many important economic problems, but in reality they boil down to three current problems and one that looms large in our future. All four
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The Revolution, Phase II

Posted 29th May 2008 at 02:54 PM by joebudda
http://www.lewrockwell.com/kramer/kramer15.html


Quote:
Originally Posted by Johnny Kramer
# Americans spend more money per year on taxes than they do on food, clothing and shelter combined – and receive virtually nothing of value in return. Even worse, governments use citizens' own money against them to further erode their standard of living and persecute them for peaceful, voluntary behavior.

As Lysander Spooner wrote in No Treason: The Constitution of No Authority, ". . . whoever desires
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Entrenched, Embedded, and Here to Stay

Posted 28th May 2008 at 06:38 PM by joebudda
http://www.lewrockwell.com/engelhard...lhardt335.html

Quote:
Originally Posted by Tom Engelhardt and Frida Berrigan
Here are words to pin to the Bush years like a wilting corsage: "We don't know what we paid for." That's a quote from Mary Ugone, the Defense Department's deputy inspector general for auditing, concerning massive Pentagon payments made during the occupation and war in Iraq for which there is no existing (or grossly inadequate) documentation. In fact, according to the inspector general for the Defense Department, "the
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Foreword to Tethered Citizens: Time to Repeal the Welfare State

Posted 28th May 2008 at 06:24 PM by joebudda
http://www.lewrockwell.com/paul/paul462.html

Quote:
Originally Posted by Ron Paul
Sheldon Richman’s Tethered Citizens: Time to Repeal the Welfare State is precisely the type of scholarly work needed to wake up the American people to the dangers posed by the welfare state. Richman demolishes the popular myth that the welfare state was a natural outgrowth of the Founding Fathers’ conception of individual liberty. In fact, the ideology behind the welfare state is a 180-degree turn from the individualism embraced by the
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The Next Attack on Gold Has Begun

Posted 28th May 2008 at 02:13 PM by joebudda
Updated 28th May 2008 at 02:23 PM by joebudda
http://www.lewrockwell.com/north/north630.html
Quote:
Originally Posted by Gary North
The development of the credit card was the culmination of a dream of every fractional reserve banker. Bankers in a fractional reserve system have always feared the withdrawal of currency by depositors. This reverses the fractional reserve process. It shrinks the money supply.

By substituting digits for currency, bankers have solved this problem. A depositor can move digital money out of his account, but it is transferred to another
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