Taxes vs. Fed – What's to Blame?

Ron Paul's analysis is correct ... There is an ongoing argument about higher income tax rates for the top 1 percent of us but that is just a diversion from the real problem. Since 9/11, the Federal Reserve cut interest rates to zero and started printing more money to keep our economy from collapsing. But a decade of free money caused a flurry of spending that caused the stock market and housing bubble to inflate and finally burst, leaving a mountain of new debt. – Des Moines Register

Dominant Social Theme: It's taxes, man!

Free-Market Analysis: The above article excerpt would seem to put the "fiscal versus monetary" argument into perspective. It is an argument that, in our view, defines the modern state and what's "gone off the rails."

Are taxes too high? Is that the reason for so much insolvency in Europe and the US?

Why is prosperity draining away? What's the REAL fix?

Our preference would be to explore monopoly central banking when it comes to determining the ills that afflict the modern world. There are 150 central banks now where before, at the beginning of the century, there was only a handful.

These central banks churn out money at an astonishing rate. And from what we can tell, making the mechanism purely public won't help, either. When given the opportunity, people will print as much money as they possible can. Power corrupts. Here's some more from the article:

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