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Can anyone explain to me how government steals from citizens by creating inflation? Thank you.
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I heard a statement from Peter Schiff yesterday and I’m having some trouble thinking about it. The average Ford worker in Henry Ford’s era (1914) earned approximately $5 per day in wages – the equivalent of 1.25 ounces of gold per week. The average Ford worker today earns approximately...
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Over the last week, I have been somewhat pleased at the grilling of Bernanke by certain members of Congress. I know Ron Paul has questioned Bernanke over and over about the definition of Inflation and the role the Fed plays, but has anyone brought this to Bernanke's attention http://www.lewrockwell...
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Here's a story I just wrote to help explain what the Fed's doing to wreck our economy. Please let me know if it helps. Normal 0 false false false MicrosoftInternetExplorer4 The Three Little Pigs and the Federal Reserve Crisis In their later years, they bought a yacht and sailed the seven seas...
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My son will be turning 8 years old soon and he is exceptionally bright for his age...and he is really showing a strong interest in economics and politics. He already understands the value of collecting gold & silver over paper money, and totally understands inflation as well! During the presidential...
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I was having an arguement with this person saying that people have a misconception about inflation because they think that inflation will rob him of his purchasing power of his hard earned money. So that when the prices rises, your dollar will buy fewer goods so it might seem that it lowers living standards...
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i am unsure as to what you mean...the rate cut was a mere 10 days ago...much too early to state it's effects, much less to state it has worked in the OPPOSITE direction!!!?!! it is not an exact science, but to say monetary policy has NEVER worked is a bit naive.... minimal government intervention...