Wednesday, April 09, 2008

The Federal Reserve

Eric Parks over at Red State Eclectic writes about the Federal Reserve:

In the fifth plank of the communist Manifesto, Karl“I-can’t-prove-my-own-labor-theory-of-value” Marx calls for the monetary means of causing the ruination of a capitalist society in order to bring about a Communist utopia. The Manifesto calls for “Centralization of credit in the hands of the State, by means of a national bank with state capital and an exclusive monopoly.” Other planks call for institutions that, on the face, seem normal to us today: Graduated income tax, inheritance tax, government schools, etc. They are all communist in origin.

Read the rest here

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