Tonight! 7 p.m. – 8 p.m. Eastern Time, via Zoom
Speaker: Murray Sabrin
Topic: “The Boom/Bust Cycle: Is it Different This Time?”
Register here and receive your Zoom link via email.
Last week, the federal government’s debt surpassed $31 trillion. If you’re a taxpayer, that means that you’re on the hook for $247,325.
There is no question that federal spending and debt are out of control, with no end in sight. The fact that Congress has imposed a “debt ceiling” is a powerful indication that too much debt is not a good thing. The fact that Congress lifts the debt ceiling every time it is reached is also not a good thing.
Ordinarily, the government taxes people to pay its expenditures and the debt it accumulates by spending more than what it is bringing with taxes.
But people don’t like paying taxes. They get upset when taxes get too high. They tend to vote politicians out of office for raising taxes.
Enter the Federal Reserve. The primary purpose of the Fed is to print the money to pay off the federal government’s excess expenditures (those that exceed tax revenues) — and to pay off the debt that the federal government has accumulated.
That’s why the Fed has debauched our money ever since it was established in 1913. It’s not just the soaring gasoline, grocery, and car prices today. It’s the fact that they been destroying our money for decades.
That’s why The Future of Freedom Foundation is currently holding its online conference “End Inflation and the Fed.” These people need to be called out for what they have done and what they continue to do to our money. Staying silent about it is precisely what they want, so that they can continue to emit the lies that they have always emitted — such as, “We are innocent because inflation is caused by greed.”
In the process, their expansion and contraction of the money supply also produces a boom/bust cycle that brings nothing but government-induced economic destruction and impoverishment.
Our conference, which consists of a series of online talks via Zoom every Monday evening at 7 p.m., kicked off last week with a great talk by Richard Ebeling, professor of economics at the Citadel and my co-host on FFF weekly Internet show the Libertarian Angle.
This evening, we have the honor of featuring Dr. Murray Sabrin, who taught finance at Ramapo College of New Jersey for some 35 years. During that time, he held many excellent conferences and seminars at Ramapo, one in which I had the good fortune to participate. Murray is the author of four books, with another soon on the way. Two of them pertain to his talk this evening: Navigating the Boom/Bust Cycle: An Entrepreneur’s Survival Guide and Why the Federal Reserve Sucks: It Causes, Inflation, Recessions, Bubbles and Enriches the One Percent.
I hope you will join us tonight for another great talk and discussion on one of the most important issues of our time — ending inflation and the Fed.
Tonight! 7 p.m. – 8 p.m. Eastern Time, via Zoom
Speaker: Murray Sabrin
Topic: “The Boom/Bust Cycle: Is it Different This Time?”
Register here and receive your Zoom link via email.