“An increasing number of politicians have joined the call for an audit of the Federal Reserve, including several presidential contenders – most surprisingly, Donald Trump.
Senator Rand Paul drove the recent push for the audit, following in the footsteps of his father, Representative Ron Paul, with a proposed bill that drew condemnation from corporations and the Obama administration, as well as anti-Wall Street Senator Elizabeth Warren. Though the bill was ultimately defeated in January in a close 53-44 vote, the proposition to audit the Fed increasingly garners widespread attention and support.
Though Senator Bernie Sanders, with his apparent populist, socialist platform, might not be such a surprising supporter of the proposal, billionaire mogul Donald Trump is. In a tweet on Monday, Trump asserted:
“It is so important to audit the Federal Reserve, and yet Ted Cruz missed the vote on the bill that would allow this to be done.”
“Perkins’ book caused a sensation. It showed that the United States’ attitude of helpfulness toward poorer countries was only a pretext for schemes to loot the countries. Perkins’ book sold more than a million copies and stayed on the New York Times bestseller list for 73 weeks.
Perkins shows that despite his revelations, the situation is worse than ever and has spread into the West itself. The populations of Ireland, Greece, Portugal, Spain, Italy, and the United States itself are now being looted by Hit Man activity.
Remind you of anything?
By Ludwig von Mises
Carl Menger, the founder of Austrian Economics, predicted the Fall of Europe around 1910.
“The policies as conducted by the European powers will lead to a horrible war that will end with gruesome revolutions, with the extinction of European culture and the destruction of prosperity of all nations. In preparation for these inevitable events investments only in gold hoards, and perhaps in obligations of the two Scandinavian countries can be recommended.”
As the home of Paul Krugman, clueless Keynesian, and as the “paper of record” serving as the presstitute propaganda arm of the totalitarian state for many years, this doesn’t come as a surprise.
“The New York Times editorial board has once again exposed itself as a dangerous and duplicitous organ of entrenched established interests against the public. It must be exposed.”
“Eighty years go, on February 4, 1936, one of the most influential books of the last one hundred years was published, British economist, John Maynard Keynes’s The General Theory of Employment, Interest and Money. With it was born what has become known as Keynesian Economics.”
And it’s become a huge disaster.
“What Keynes succeeded in doing was to provide a rationale for what governments always like to do: spend other people’s money and pander to special interests.
In the process Keynes helped undermine what had been three of the essential institutional ingredients of a free-market economy: the gold standard, balanced government budgets, and open competitive markets. In their place Keynes’s legacy has given us paper-money inflation, government deficit spending, and more political intervention throughout the market.”
The true costs of “free stuff” from the government are actually immense. We pay dearly in money, freedom, quality, and choice. Once government policies are enacted, they are rarely reversed and often made worse. They never achieve their intended outcome. Often, they produce the opposite at tremendous cost to individual wealth and freedom. In order to give things away, wealth must first be created. There is a big difference between voluntary giving and redistribution by force. In a free society, wealth is easier to create and keep, which raises the standard of living universally. Government force chokes the ability to create wealth and thus reduces our standard of living, because the government has no profit and loss motive and therefore no accountability or incentive to fulfill the needs of the individual. When their policies don’t work, they double down with more forceful policies. Eventually, the citizens resort to violence and protests to get their “free stuff” as we’ve seen recently in Greece, the UK, Venezuela, and many other government-heavy locations. This trend will continue until people lose their faith in government and start believing in themselves and their communities.