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“Federal Government Continues Its Money Monopoly”

Posted by
January 26, 2010
in Blog

“Prices rise soonest, fastest, and highest where the money is being loaned out. During the realestate boom until 2007, much of the lending went to real estate, and land values zoomed up. The Federal Reserve money monopoly does not just inflate the currency, but causes distortions that end up in recessions such as the current one. Monetary policy along with government’s subsidy to land values created the boom that ended with the Crash of 2008. Today’s monetary expansion will again result in more inflation and distortion later.” Read more.

“Federal Government Continues Its Money Monopoly”
Fred E. Foldvary
The Progress Report, June 8, 2009.
Via The Liberty Dollar