Published Tuesday, March 25, 2008 by George Reisman
A credit crisis has been spreading through the economic system. It began with the collapse of the housing bubble, which was the result of years of Federal Reserve–sponsored credit expansion. This follows generations of almost continuous inflation and credit expansion, in which almost everyone has become accustomed to assume that asset values will always rise.The solution is a radical reform: a full-bodied precious metal monetary system and an end to the government's control over the money supply and all of the violations of individual freedom that that control represents and makes possible.
(Original Text)
Our Financial House of Cards (8.38 MB)