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Tuesday, February 07, 2012

Withholding Consent From The Khan

People all over the world – in the United States, the eurozone, Asia, Africa, the Middle East, and everywhere in between – are now inescapably facing the consequences of a century of unmitigated fiat-currency expansion. In response, a global movement has risen to search for solutions to the central-bank-engineered deterioration of standards of living, purchasing power, employment prospects, and economic health in general.

In the United States, this pursuit is embodied by two superficially different – though both hopelessly naive and economically underinformed – political movements: the numerous Occupy groups and the so-called Tea Party. But both factions ultimately kowtow before the state, worshiping either its welfare or warfare.

Is activism that appeals directly to the political class and central bankers – the individuals who are directly responsible for the current economic morass – a logical course of action? A review of history reveals some alternatives; what follows is one of them.

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