Thursday, March 13, 2008
Thanks to the Fed...
… international confidence in the dollar continues to collapse as fast as our economy. For the first time, the Euro has surpassed $1.55. Many talking-heads (passing themselves off as experts) could be seen on television yesterday praising the Federal Reserve’s move to pump $200 billion into the economy, and Wall Street was temporarily overjoyed.
But the fog is beginning to lift. This is the first election in over a hundred years to include a serious discussion on monetary policy, and more and more people are starting to realize that the "answers" we have been receiving from Washington don’t make any sense. It is our responsibility to spread the word and point to a better way. A great, simple introduction to true economic reform can be found in Dr. Paul’s recent op-ed on Forbes.com, and the principles mentioned therein are expounded upon in Dr. Paul’s "Prescription for Prosperity."