So the Fed drops interest rates again, i.e. speeds up the printing presses. Think groceries and other goods are going up fast now? Clearly Bernanke, as he promised before ascending to the central banking pantheon, will try hyperinflation to save the big banks, Wall Street, and the military-industrial complex. He can’t do it, of course. All he can do is further wreck the global economy, and transfer even more billions from the poor and middle class to the rich and well-connected. Can he postpone the ultimate disaster, thereby making it even worse when it comes? Perhaps. But the Fed does not exercise the control it once did. In any event, in this worldwide disaster brought on by Bush, Greenspan, and Bernanke–though the original sinners are Woodrow, FDR, LBJ, Nixon and their monetary viziers–only one man stands out like a shining knight. That is, of course, Ron Paul. This intellectual-statesman has long warned where totally discretionary monetary policy would lead. He can’t stop the recession/depression, but then, no one can. But he can show us how make it short, and how to get the government out of the economy, to build prosperity for Americans and everyone. Read his economic works.

The Best of Llewellyn H. Rockwell, Jr.