In response to:

Push the Fed Over the Cliff

Whitebeard Wrote: Dec 03, 2012 8:03 AM
Tom: Based on the de Tocqueville quote, I'd say the American envisioned by the Founders...died a long time ago. The Fed is an unconstitutional entity whose sole purpose seems to be enriching its owners at the expense of the average citizen.

Stop worrying about the ‘fiscal cliff.’ Spending cuts would feel therapeutic after watching Standard & Poor's and Egan-Jones downgrade our credit rating and seeing President Obama add $6 trillion to the national debt. The way to avert another recession and massive inflation is to eliminate the unconstitutional Federal Reserve.

There are two ways for politicians to “pay” for their spending. They can be transparent and raise taxes extremely high across all income levels. (This is not happening because politicians know Americans would riot.) Or, they can be sneaky and “monetize the debt,” which means allowing the Federal Reserve to print money...