"This book truly
is a must read."
-- Congressman Ron Paul
MORE OF THE SAME AHEAD
CONCLUSION
There is no indication in Congress that there will be any organized resistance against budget deficits. But the earthquake in Britain has sent a message to American politicians. The public is spooked by this recession. Any attempt to hike taxes may backfire in 2010 if the recession accelerates.
They also saw what happened in California last week. So did Krugman, and it worries him.
The easy way to tax is by the printing press. This pleases Wall Street. It pleases the banks. It does not produce organized resistance.
The deficits must be funded. Bernanke still has a free ride. Congress will do nothing to rein in the Federal Reserve. Together, Congress, the Treasury, and the FED will continue to produce the one thing that government does well: fiat money.
