Thursday, January 31, 2008

Interview with Bob Murphy: An explanation of the FED, Monetary Policy, and Inflation

A great interview by Scott Horton of Bob Murphy author of the book: The Politically Incorrect Guide to Capitalism

Find out why we don't really have a "free market" money system. Also, an explanation of the subprime mortgage crisis. An overview of the Federal Reserve System (and how it steals the wealth of the poor and the middle class, yet doesn't affect the young, rich, and ridiculously handsome people like me). Plus why stagflation is a very real possibility for the future of our country (which should be placed squarely at the feet of W and a complicit Congress).

Pilfered from Lew Rockwell

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