Stewart Pelosi Interview
She admits that the Fed is creating money out of thin air, as Ron Paul has been talking about, and (imo) implies that the Fed printed the money for the bailouts and the recovery package.
This is why I recommend going to a tea party tomorrow, April 15th.
I'm not strictly opposed to money creation. Like the use of (military) force, I believe it's a powerful tool that should be used under particular, well thought out, extreme, circumstances. The only use I believe it should be used for now is to slowly pay down the national debt and the interest on that debt. It currently appears that money creation is being used to finance an ever larger government, to fund the extravagant lifestyles of insiders; and that honest, productive work is being systematically devalued, even mocked. If prudence, frugality, and trust are not restored; and if cronyism, inflationary theft, and boondogglers remain, I'm afraid the US is headed to further decline.
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