From the Humble Libertarian:
1. The Federal Reserve System constantly inflates the value of our dollar by printing money out of thin air.
2. Graph: The value of a $1 Federal Reserve Note in 1913 dollars (the year the Fed was created).
3. The Fed even recognizes its inflationary activity. The Federal Reserve Bank of Boston says: “When you or I write a check there must be sufficient funds in our account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money.”
Read the other 73 here. (It’s an impressively long list and definitely worth your while.)Published in