[churchillbuff]

In the mid-1960s, Republicans were decrying 2 percent inflation under LBJ as outrageous. Today, we think it's fine -- even though it means a steady erosion of the value of our money. The Fed sanctions - causes? - this devaluing of our purchasing power. And the fed caused the stock boom-bust, and then a housing "boom" which is really a spectacular example of Weimar-like inflation that has made a home unaffordable for young people in many parts of the country. How long before the bust?

[c-b 1]

Bump

[AdamSelene235]

Didn't you get the memo? The government says inflation is low.

[wildcatf4f3]

I take one look at a modern $300,000 house I think , who ever buys this plywood and vinyl shack is really getting taken. Does anyone think these houses will still be standing 100 years from now?

[ChessExpert]

Thanks for the article.

I like Worldnetdaily, Rush Limbaugh, and many others. I'll entertain many ideas. However, my mind is fully closed to Malthus, Marx, and all their many derivatives.

The Federal Reserve has done significant harm since it's inception. The gold standard is deserving of consideration, but I don't think it was without problems. I think the Fed has learned some from past mistakes. Congress could simplify the Fed's mission by providing it with a single objective, price stability. Misses and other Austrian economists make a good case against gyrating credit availability. I think their arguments are still not sufficiently taught and appreciated.

If I had a subscription, I would read the complete Whistleblower issue. Perhaps it would persuade me further.