Here in Western New York, gasoline prices are rising. They are up from $2.87 a year ago to $3.01 today (on average). That’s a 5 percent rise. Why? Have the evil oil companies suddenly gained market power? That’s, in effect, what Senator Chuck Schumer says here. It’s a false statement, of course. Airfares are up by at least 17 percent. The culprits are the government monopoly-money inflationists: the Federal Open Market Committee, led by Ben Bernanke, of whose policies Obama approves. Riding on the back of Ron Paul’s untiring criticisms of these policies, some Republicans (like Palin) have started to mouth opposition to inflation, but their hearts are not in it. They do not call for ending the Fed’s or central banking’s or the government’s money monopoly. Ending the Corn Laws moved Britain closer to Free Trade. Relaxing the Money Laws will move the U.S. closer to Free Market Money. Sever the links between the U.S. government and the Fed. Let it go private. End its monopoly and government support. Let it compete with privately-produced currencies. A remarkable and healthy change in its behavior and in money — a change that reaches deeply into the entire political economy — will follow.

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