In response to:

Let's Give the Fed Some Competition

purple_persuader Wrote: Apr 04, 2012 3:04 PM
Your'e showing your ignorance again, there is only one true inflation, and that is the increase of printed money. Yes, some silly economists will argue otherwise, but what brings prices up, all else being equal? Printing more money, meaning the dollar is weaker, and thus prices must rise and those not connected feel the effects.

Pssst. Want to buy some Stossels? They’re my own currency with my face on them.

Why should you trust them?

Because I promise to redeem them for gold. And I’m reliable. I have money in the bank and a job that brings in more than I spend.

By contrast, the politicians who back American currency run an unsustainable deficit.

The Federal Reserve prints so much money that since it opened its doors in 1914, the dollar has lost more than 90 percent of its value.

OK, I won’t really sell Stossels. Americans get jailed for offering alternative currencies. The government insists...