Tuesday, April 10, 2012
Does the Federal Reserve encourage war?
Every American war fought since the creation of the Federal Reserve has been financed by money that has been created out of nothing. If this method was not available to policy-makers in Washington, it is likely that all of these wars would have been drastically limited or not fought at all. One can argue for the use of fiat money, if war is absolutely necessary, but there can be no debate for its use in a time of peace. Furthermore, the ability of governments and banks to use fiat money to fund the wars of other nations is a powerful temptation for them to become embroiled in those wars for personal profit or political reasons. What better reason to abolish the Federal Reserve
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