March 9, 2004
A Perennial Gift From Greenspan by Rep. Ron Paul, MD
Since the Fed came into being, the dollar’s value has plummeted to less than a penny, and even at a 3% inflation rate, prices will tend to double every 25 years… The Fed wants to cover its crimes by appearing more successful at ‘battling inflation.’ What the Fed doesn’t want to talk about is the real cause of inflation: not greedy consumers, avaricious workers, or price-gouging corporations, but the central bank itself, and its power and practice of creating money out of thin air.”
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