Posted on 13 March, 2008 by rationalactivist
The following is a conversation with Mr. Ron Supinski of the Public Information Department of the San Francisco Federal Reserve Bank. This is an account of that conversation.
CALLER – Mr. Supinski, does my country own the Federal Reserve System?
MR. SUPINSKI – We are an agency of the government.
CALLER – That’s not my question. Is it [...]
Filed under: Constitution, Economics, Fiat Currency | Tagged: Federal Reserve, Federal Reserve Note, Government, Inflation, Rights, US Treasury | Leave a Comment »
Posted on 21 July, 2007 by rationalactivist
Today most Americans have accepted the devaluation of the U.S. dollar as commonplace. They believe it is just a consequence of having paper currency. However, this is far from the case. Devaluation only occurs when fiat currency, money which is only backed by a government, is used. The first national currency was created in 1861 [...]
Filed under: Constitution, Economics, Fiat Currency, Gold Standard, Politics | 4 Comments »
