The power of III

Summum ius summa iniuria--More law, less justice

08 November 2011

Our Monetary policy: the death of the country's economy

Caused by central planning in Washington and the Federal Reserve:

The dilemma that this country — and no less many other countries — has to face is very serious. The extremely popular method of raising wage rates above the height the unhampered labor market would have established would produce catastrophic mass unemployment if inflationary credit expansion were not to rescue it. But inflation has not only very pernicious social effects. It cannot go on endlessly without resulting in the complete breakdown of the whole monetary system.  -- Ludwig von Mises

One of the favorite commentators on, Jim Grant:

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