StrictConstruct

With inflation rising, and economic activity stagnating, we are entering another period of stagflation - and potentially even worse. Nonetheless, the Federal Reserve is continuing to dig a deeper hole by lowering interest rates and further devaluing the dollar. Ron Paul confronted Federal Reserve Chairman Ben Bernanke on this during his congressional testimony yesterday:

He later went on Fox Business News to discuss the matter further.

It is amazing that for all the criticism aimed at central planning of the economy, the Federal Reserve has come to be an accepted form of it in our own country amongst even most supposedly “free market” politicians. The shortcomings of central planning seen elsewhere have been and will continue to be experienced here for the same reasons they existed there - governments are inherently incapable of managing economies. And until more people in our government realize this, we will continue to suffer through perpetual mismanagement.