It’s rare, but politicians and central bankers sometimes (accidentally) tell the truth. This week, Jerome Powell claimed The Fed, which unconstitutionally counterfeits trillions of dollars, has little understanding about inflation. They’re apparently ‘surprised’ that counterfeiting trillions caused prices to skyrocket. Central planning always fails. We desperately need to use sound money again.
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The Ron Paul Institute for Peace and Prosperity is a project of Dr. Paul’s Foundation for Rational Economics and Education (F.R.E.E.), founded in the 1970s as an educational organization. The Institute continues and expands Dr. Paul’s lifetime of public advocacy for a peaceful foreign policy and the protection of civil liberties at home. Visit http://www.ronpaulinstitute.org