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Scotty Boman on Budget & EconomyLibertarian Challenger |
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.