I have been reading up on the likes of Ron Paul, the Campaign for Liberty and the Advocates for Self-Government lately.
While I still need convincing on some concepts of libertarian economics, as I dig deeper I seem to find more I can agree on. For instance, ending the War on Drugs by ending drug laws, or the suggestions of withdrawal from the UN and the World Bank, neither of which have really helped developing nations or situations of war.
One issue in particular is so important, in my opinion, and yet so misunderstood, or not even made aware to the average person, is the presence and effect of central banks, such as the US Federal Reserve or the UK's Bank of England.
While I still need convincing on some concepts of libertarian economics, as I dig deeper I seem to find more I can agree on. For instance, ending the War on Drugs by ending drug laws, or the suggestions of withdrawal from the UN and the World Bank, neither of which have really helped developing nations or situations of war.
One issue in particular is so important, in my opinion, and yet so misunderstood, or not even made aware to the average person, is the presence and effect of central banks, such as the US Federal Reserve or the UK's Bank of England.
(Image: The Bank of England, London, where money is 'made'.)
I thought about trying to explain it in a few words; but since economics is not my strong suit, I decided you would be better off hearing it from Dr. Paul himself. The following is a documentary film called "Fiat Empire: Why the US Federal Reserve Violates the US Constitution", and at 59 minutes, is quite long, but I got the message in about the first 10.
The only people who talk about the reasons for central banks' existence, and whether they are necessary, seem to be libertarians. These institutions rob all of us on a daily basis through artificial inflation, but nobody is aware of it.
Shut 'em down!
Posts
.jpg)
No comments:
Post a Comment