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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (103328)	10/21/2011 5:21:47 PM
From: RetiredNow	Read Replies (2) \| Respond to of 149317

What he means is that in the formation of free markets, money was created as stores of value that could be used to consistently measure other goods and services to be sold and bought. The free market has no need for government to intervene in the pricing of money. Rather, the government's sole job is to ensure monetary stability. Our government has drifted so far away from this that we now allow private industry, in the form of the Fed banks to actually create money at will and completely distort the purchasing power of the dollar to their own ends. It's a gross deviation from free markets and creates incredible dislocations such as the financial collapse of 2008 and the future collapse that will surely come as a result of out of control sovereign debt and an even larger derivatives market than what we had in 2008, which to this day remains unregulated and completely opaque.