Sunday, February 1, 2009

The Problem With Inflation (Glenn Beck's Inflationary Hockey Stick)

Data from the Federal Reserve Bank of St. Louis.
Image © 2009 The Humble Libertarian


Browsing around the freedom-loving regions of the blogosphere, I stumbled across this fantastic segment from Glenn Beck's show (H/T: The Campaign for Liberty), in which he exposes the madness of the Federal Reserve's monetary policy over the past few decades:



Mr. Beck parodies Al Gore's presentation of Dr. Michael Mann's (widely discredited) "Hockey Stick," which depicts global temperatures over the last 1000 years and indicates a drastic rise in global temperatures in the last century at the end of the graph, forming a hockey stick shape. While the "Hockey Stick" indicating rising temperatures is a subject of great controversy and the product of dubious scientific and statistical methods, Glenn Beck's "Hockey Stick"in the image above, indicating a drastic (like... suicidally drastic) increase in printed money is an indisputable fact (and make no mistake- the stimulus package will increase inflation even more).

The Federal Reserve Bank's inflationary monetary policy is a crisis in the making, and its ill-effects are clearly and indisputably on their way. We absolutely cannot sit by idly, apathetically, and blissfully ignorant of what is happening to our monetary system. If we don't take the time to educate ourselves and others right now, reality will enlighten us in its own time, and it will be a rude awakening. I was so struck by Glenn Beck's entertaining and enlightening performance, that I decided to make a t-shirt to help sound the alarm and take the message to the streets:



Spread the Word!



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