What's the most effective way to rip-off workers?

"Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money." --Daniel Webster.

WHY did they DO that??

"Why did the founders include the following in the U.S. Constitution? -- "No State shall ... make any Thing but gold and silver Coin a Tender in Payment of Debts" --Article I, Section 10, Clause 1

Fiat ambience

Weimar times are always so sepia and brown. --Heidi Luckin on Facebook

The bad-guys: It's not who you think - - -

Remember, it's not the people who are paid to run it who are evil, stupid and incompetent, it's the system, the machine, itself. --L. Reichard White, Saturday, April 23, 2011 5:20 AM

The KEY economic insight - - -

"Money" obeys The Law of Supply and Demand. --L. Reichard White, Wednesday, April 20, 2011 7:50 AM

Where inflation ALWAYS comes from

"There is perhaps no empirical regularity among economic phenomena that is based on so much evidence for so wide a range of circumstances as the connection between substantial changes in the quantity of money and in the level of prices." ... "It follows ... that inflation is always and everwhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output."  --Milton Friedman, quoted in Judy Shelton, Money Meltdown (New York: The Free Press 1994), p. 176 & 177

Midwife?

Deflation is the midwife of hyperinflation. --Howard_Beale, Fri, 02/26/2010 - 19:53 #247566

Comeuppance?

There is no means of avoiding the final collapse of a boom brought about by credit expansion. --Ludwig von Mises, Human Action (pg 572)

Groundhog day a couple of weeks late - - -

On Thursday night, Feb. 18, the FED (Federal Reserve) unexpectedly raised interest rates a quarter point.

~"This is the FED's version of Groundhog Day. ...It saw it's shadow (inflation) and so it raised rates."  --Pimco's Bill Gross, CNBC, February 19, 2010, 08:45:19

Federal Reserve Operations Nut-shelled

"The Fed's "independence" means the banksters' freedom to take in $1 in deposits, set aside 3 cents in reserves, lend $1 at effective 33:1 leverage at a growth rate of 7-10%/yr. at a doubling time of 7-10 years, go broke once a decade, and have the US Treasury make them whole so they can do it all over again." --Hypocrite Bernanke and his Political Pandering; Bernanke Buys Votes

The Technique of Inflation

"The technique of inflation demands that governments and their agencies shall continuously deceive the public about the fact, the speed and the duration of inflation intended. Ministers of finance have no option but to employ what has been called 'the necessary untruth'." Professor W.H. Hutt, quoted by Mogambo Guru, Cheaper to Freeze to Death, Oct. 23, 2007