Tuesday, January 03, 2006

Money ... or the lack thereof

This week's POLITICAL UPDATE focuses on money and debt. President Bush recently nominated Ben Bernanke to replace Alan Greenspan as the head of the Federal Reserve.
The New American explains why the Federal Reserve should be abolished.
Walter Williams explains how the Fed robs our money of its value by inflating the money supply. He also explains how huge our nation's debt really is.
Doug Bandow explains how out-of-control government spending creates pressure to print more money.
Finally, Gary North explains why we need a gold standard.