Erick Tippett

Volcker's Wake Up Call: Spread the Word

So Mr. (Tough Guy) Volker wants to constrain the bank's
profligacy. Has this central banker (or should I say former
central banker) considered the encouragement that the
central banking system has given to this entire economic
mallaise we experience now since its inception in the reputed
Jekyll Island affair engineered by J. P. Morgan and "associates"?
(Cohorts is a better description of their associations!).
Dillying and dallying with the interest rates instead of allowing
the market to make those adjustments has wreaked havoc on
our economy for decades!

The free market died in December 1913 and hasn't had a
gasp of air since. Yet it gets blamed by the uneducated and
economically ignorant for the booms and busts that have
occurred with regularity since then. Talk about "beating a
dead horse", give me a break, thank you!

That sir is what we need to "tell everyone" we know! Then hit
the Google search engines for a detailed description of the
Jekyll Island Affair and the Federal Reserve Act of 1913.

Then go tell it on the mountian and shout if from the rooftops!
Then you'll be doing something intelligent, if you have the spine
for it!

Amen

E. Tippett
Chicago, Illinois

U.S. Economy: Now Comes the Hard Part

For people to babble and squabble about a Federal Reserve
Board or any other instrument of a central banking system that
has done nothing but cause havoc with economies as long
as they have existed is an indication of the lack of edcuation
and ignorance concerning the concept of a sound free market
system. Hazlitt, Von Mises, and many others have spoken to
this issue over the years and only recently through the new wave
of internet education are sane people beginning to pick up on it.

Maybe in the next century people here will be taught in the educational system that there are schools of economics other
than that of 'Lord of flies', John Meynard Keynes!

Amen.

E. Tippett
Chicago, Illinois