Liberty Asylum
Barbarous Relic 
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Liberty Asylum
Barbarous Relic
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By George
Articles
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"This new world hath been the asylum for the persecuted lovers of civil and religious liberty from every Part of Europe. Hither have they fled, not from the tender embraces of the mother, but from the cruelty of the monster; and it is so far true of England, that the same tyranny which drove the first emigrants from home pursues their descendants still." -- Thomas Paine, Common Sense, January 10, 1776
The Flight of the Barbarous Relic
A Novel by George F. Smith We’re told by experts that the Fed is our number one inflation fighter, our protector against economic meltdown. Certainly, any person who cares about our country would accord it only the highest respect. But Preston Mathews wants to destroy the Fed. And he’s apparently surrendered everything -- including the woman he loves -- to do so. Who is this renegade who wishes to bring back the dark days of despair, as his critics charge? He’s the Fed’s top gun, the lord of interest rates . . . the chairman of the Federal Reserve. Combining a high-energy plot with scholarly research, The Flight of the Barbarous Relic pits the entrenched forces of inflation against a growing underground movement that builds to a showdown between the world’s two most powerful men . . . with the fate of the country hanging on the outcome. Download Flight 3.pdf -- the prolog and first three chapters. Government's Perennial Enemy June 30, 2008
The gold standard, Ludwig von Mises
wrote, “requires nothing else than that the government abstain from deliberately
sabotaging it.” [p. 421] Much to
the detriment of civilization, governments have undermined and debased the gold
standard throughout much of history. With the aid of a state-sympathetic class
of intellectuals, most educated people now regard monetary gold as a quaint
contrivance of a bygone age--to the extent they give the issue any thought at
all. Any suggestion that we adopt an authentic gold standard as a permanent
solution to financial crises, dollar depreciation, and senseless wars is
dismissed by the
intelligentsia as hopelessly naive.
A Colonial Radical in King Bernanke's Court May 5, 2008
Thomas Paine made the case for
freedom in 1776, and ten years
later made the case for
freedom’s money, gold and silver.
[1] If we had followed his advice on the latter, we
would still possess a good measure of the former.
Ron Paul not only believes in the power of freedom, he is the only candidate I’ve heard explicitly oppose the philosophy of statism. And if we can go by a man’s record, we have to believe he means it. To get us moving in the right direction, he offers a few recommendations...more
No one has ever died from inflation directly, yet
it constitutes a serious threat to our existence. By “inflation” I mean a
policy of increasing the money supply, the root cause of the booms that
inevitably go bust. Using this traditional idea of inflation--which, it should
be mentioned, is regarded as
contrived by most economists today--in what sense can it be considered so
dangerous?
Especially when a simple perusal of the facts
suggests otherwise.
Who Does the Fed Serve?
In testimony last week, Ben Bernanke told Ron
Paul that the government created the Federal Reserve in 1913 to stop the
“periodic financial crises” that erupted in the 19th Century and again in 1907.
Bernanke, evidently, was counting on Paul holding the accepted view of the Fed’s
origins, the one untainted by Wall Street-government conspiracy -- not the view
meticulously presented in the works of Kolko, Rothbard, and Griffin, among
others.
Bernanke and the Holy Grail
In times of financial crisis, people want
nuts and bolts advice on
how to survive, or even better,
how to profit from the calamity.
“Tell us how to get out of this, not how we got in it,” is the prevailing
attitude -- which is ironic, since most
investors are calling for more cheap credit,
the policy that brought us to disaster’s door in the first place.
What's Wrong With the Markets?
“The Federal Reserve, the central bank of the
“WAR IS PEACE FREEDOM IS SLAVERY IGNORANCE IS
STRENGTH”
Like an interminable soap opera, pundits continue
to bring forth scenarios of impending economic disaster. Financial Times
columnist
Martin Wolf, for instance, discusses in detail Professor Nouriel Roubini’s
Twelve Steps to
Financial Disaster, of how we have reached unsustainable levels of debt, and
that bankruptcies, defaults, a collapse of stock prices, and “a drying-up of
liquidity” are heading straight at us.
Gold, Ron Paul and Prosperity
Candidate Ron Paul understands inflation as the
creation of money out of thin air. While this view depicts a disturbing state
of affairs and has a distinguished history, it is not in the least popular. For
one thing, it tends to incriminate the money creators.
If inflation is defined as price increases, by
coincidence the guilt falls on those who raise prices.
The Root of
Financial Panics
Imagine for a moment the dark days of banking
when banks had to redeem gold coin for the money substitutes they issued, which
were either bank notes or deposit accounts. Folks were generally happy to keep
their gold locked up in a safe place and found it more convenient to use the
substitutes. Very importantly, most of them were also either
stockholders of the
bank or in debt to it {pdf, p. 82), so they had little incentive to confront
the bank for redemption. But this very fact enticed banks to create substitutes
well beyond the amount of gold they held in their vaults, a practice considered
normal and not the least fraudulent.
This site is in no way connected to George H. Smith |
Other Interesting Sites
Ron Paul
2008 Classics of Libertarian Thought Greenspan's 1966 "Gold and Economic Freedom"
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