Will Grigg's Liberty Minute

December 12, 2007

After igniting fires that threaten to consume the world, the international league of arsonists met and announced a plan to fight those fires with gasoline.

Of course, this didn't actually happen. But that program makes about as much sense as the proposal that a cartel of five central banks, led by the Federal Reserve, collaborate to pump tens of billions of dollars into the international economy in order to prevent a credit crunch.

With the economy being ravaged by monetary inflation, a credit crunch is precisely what is needed. Yes, it would be as painful as it is inevitable. But the longer it is postponed, the worse it will be for everyone.

Through decades of loose money policies, the Federal Reserve has all but destroyed the dollar's value, consuming the wealth and savings of Americans in a vast inflationary bonfire. And now the Fed and its allies threaten to put what's left of our economy to the torch.

Let us take back the liberty wherewith Christ has made us free.