Will Grigg?s Liberty Minute

July 24, 2008

During Federal Reserve Chief Ben Bernanke?s most recent congressional testimony, Texas Congressman Ron Paul pointed out that since inflation is a tax, Bernanke is the ?biggest taxer in the country.?

Bernanke replied that ?I couldn?t agree with you more that inflation is a tax.?

Mr. Bernanke is a political appointee. He is not an elected official and is accountable to nobody. And through his control of the money supply, Bernanke has literally limitless power to tax not only Americans, but everyone anywhere who conducts business in dollars.

Since World War II, Americans have endured the pre-emptive plundering of our paychecks in the form of the withholding tax. But the Federal Reserve practices an even more insidious form of withholding through inflation, which steals the value of the money we earn before we get it, and pilfers the value of everything we save.

We will never be free as long as the Federal Reserve exists.

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