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Scotty Boman on Budget & Economy

Libertarian Challenger


End the Federal Reserve's Inflation Tax: return to gold

The Federal Reserve Act of 1913 is not only unconstitutional, it has been absolutely ruinous to our nation's economy. Since the Fed has come into being, the U.S. dollar has lost 95% of its purchasing power--and yet the defenders of the Fed tell us its purpose is to "keep inflation under control."

The fact of the matter is that only the government and its central bank can cause inflation. They do this by expanding the money supply. Each time the Fed creates new money, it diminishes the value of your dollar-based financial holdings. It thus imposes a hidden tax--the "inflation tax"--and redistributes wealth from the poor and working class to the rich and politically connected.

If we act quickly, and if the states take the lead by abolishing all sales taxes on gold & silver, then we might be able to transition from the fiat empire of the Fed to a truly free economy before we meet our economic ruin as a nation.

Source: Campaign website, www.boman08.com Jun 7, 2008

Other candidates on Budget & Economy: Scotty Boman on other issues:
MI Gubernatorial:
Jennifer Granholm
MI Senatorial:
Carl Levin
Debbie Stabenow


2008 Senate retirements:

Wayne Allard(R,CO)
Larry Craig(R,ID)
Pete Domenici(R,NM)
Chuck Hagel(R,NE)
Trent Lott(R,MS)
Craig Thomas(R,WY)
John Warner(R,VA)

2008 Presidential Contenders:

Chuck Baldwin(C)
Rep.Bob Barr(L)
Sen.Hillary Clinton(D)
Sen.Mike Gravel(L)
Alan Keyes(C)
Sen.John McCain(R)
Rep.Cynthia McKinney(G)
Ralph Nader(I)
Sen.Barack Obama(D)
Rep.Ron Paul(R)
2008 Senate Races:
AK:Stevens v.Begich v.Cuddy v.Sikma
AL:Sessions v.Figures
AR:Pryor v.Kennedy
CO:Schaffer v.Udall
DE:Biden v.O`Donnell
GA:Chambliss v.Martin v.Buckley
IA:Harkin v.Reed
ID:Risch v.LaRocco v.Rammell
IL:Durbin v.Sauerberg v.Stafford
KS:Roberts v.Jones v.Slattery
KY:McConnell v.Lunsford
LA:Landrieu v.Kennedy
MA:Kerry v.Beatty v.Underwood
ME:Collins v.Allen
MI:Levin v.Hoogendyk v.Boman v.Nikitin
MN:Coleman v.Franken v.Barkley v.Cavlan
MS4:Wicker v.Musgrove
MS6:Cochran v.Fleming
MT:Baucus v.Kelleher
NC:Dole v.Hagan
NE:Johanns v.Kleeb v.Larrick
NH:Sununu v.Shaheen v.Blevens
NJ:Lautenberg v.Zimmer
Pearce v.Udall
OK:Inhofe v.Rice
OR:Smith v.Merkley v.Brownlow
RI:Reed v.Young v.Tingle
SC:Graham v.Conley v.McBride
SD:Johnson v.Dykstra
TN:Alexander v.Tuke v.Lugo v.Heyward
TX:Cornyn v.Noriega v.Jameson
VA:Gilmore v.Warner
WV:Rockefeller v.Wolfe
WY4:Barrasso v.Carter
WY6:Enzi v.Rothfuss
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Page last updated: Sep 28, 2008