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Arm Yourself With The Weapons of Mass Education

"What good fortune for those in power that the people do not think." --Adolf Hitler

Did you know the CIA Commits Over 100,000 Serious Terrorist Crimes Per Year? Read the Entire Congressional report]   [hole.gif]

The Zionists represent the most dangerous thing that the human race has ever faced, and unless we begin to find ways to drive these bestial savages back into oblivion, then we are ALL doomed.



The Jewish Peril is real


The "Forgery" (Protocols of the Learned Elders of Zion) is master-plan for vast restructuring of society, creation of a new oligarchy and subjugation of millions.

Part 1

 

Part 2

 

 

US military spreading death

Thursday 28 February 2008

Stop Fed Intervention

A Statement to the House Banking Committee, February 26, 2008

Mr. Chairman,

Price controls are almost universally reviled by economists. The negative economic consequences of price floors or price ceilings are numerous and well-documented. Our current series of hearings have been called to discuss the most important, but least understood, price manipulation in the world today: the manipulation of the interest rate.

By setting the federal funds rate, the rate at which banks in the Federal Reserve System loan funds to each other, the Federal Reserve inhibits the actions of market participants coming together to determine a market interest rate. The Federal Reserve and the federal government do not deign to interfere in setting the price of houses, the interest rate on mortgages, or the prices of wood and steel. The Fed’s actions in setting the federal funds rate however, because it reflects the price of money to a borrower and thus affects demand for money, affects prices throughout the economy in a manner less pervasive but just as damaging as direct price controls.

The example of the Soviet Union should have taught us that no one person, no group of people, no matter how scientifically trained, can arbitrarily set prices and not expect economic havoc. Only the spontaneous interaction of market participants can lead to the development of a functioning price system that allows the needs and wants of all participants to be met. The sense I get from reading much of the punditry is that the federal funds rate is set often by the whims of the Federal Reserve governors. Even mechanistic explanations such as the Taylor Rule rely on inputs that are often left up to the discretion of the Fed policymakers: what is the potential GDP, do we use CPI or PCE, overall CPI versus CPI less energy and food, etc. Ron Paul

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