The Humble Libertarian

Building a small army to take over the world and... leave everybody alone.

Sunday, August 5, 2012

100 Reasons to End The Fed

1.The Federal Reserve System constantly decreases the value of our dollar by printing money out of thin air. (inflation)

2. Graph: The value of a $1 Federal Reserve Note in 1913 dollars (the year the Fed was created).

3. The Fed even recognizes its inflationary activity. The Federal Reserve Bank of Boston says: “When you or I write a check there must be sufficient funds in our account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money.”
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Judy Morris,
Blogger, THL
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