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Dr. Peter Leeson discusses why the Stimulus plan from Obama will not work. He also discusses his new book, the Austrian Business Cycle, and Government Spending.

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Current H.R. 1207 Co-Sponsors:

Why Hasn’t Tammy Baldwin Signed On?

Why does Democratic Wisconsin Congresswoman Tammy Baldwin (D-WI) continue to refuse to cosponsor H.R 1207 that will allow the auditing of the central bank in America?  Maybe her friends on Wall Street have asked her not to do it.  With all the money that she voted to be moved out of Wisconsin to Wall Street, I’m sure she isn’t excited about auditing the central bank of America.  Tammy Baldwin is a Democrat that does NOT believe in protecting the common person against corrupt practices by a central bank monopoly.

Thankfully, Tim Nerenz Will Replace Tammy In 2010

Thankfully, Tim Nerenz will be replacing Tammy Baldwin in the 2nd Congressional District in 2010.  Check out his website.

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Tim Geithner, a financial bozo bureaucrat in this video below looks like he would make a great replacement for Tim, Tim, Timmy on South Park.  Watch him stutter as Congress asks him where in the Constitution it allows for a Federal Reserve system:

Why do Wisconsin’s representatives, Tammy Baldwin and Paul Ryan, continue to escape from signing on as co-sponsors to legislation that will help regulate America’s largest private bank monopoly, the 12 Federal Reserve banks?  Again, the 12 Federal Reserve banks are no more federal than Federal Express.  They are completely private banks and the Federal Reserve system has a monopoly on setting interest rates and printing money.  Maybe Wall Street has told their puppet candidate, Tammy Baldwin, who continues to vote to move money out of Wisconsin and into the vaults of Wall Street’s banks, to stand down.  Again, I continue to be convinced that Tim Nerenz will be an excellent replacement for Tammy Baldwin to represent the individuals of Dane County next year.

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Maybe the king of printing press economics and second-hand peddler of the religion of inflationism, Paul Krugman, will give his highly intelligent advice that the NYT should print up more scraps of paper stock.  That would mean more wealth for the NYT according to Krugman’s theory of printing press economics.  Oh wait, that would just dilute the wealth of the current stockholders.  Oh, I guess that is what is going to happen to current holders of U.S. dollars after the federal government prints up more scraps of U.S. dollars to fund the inflation “stimulus” package.

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Obama told individuals living in Wisconsin that all economists agree that a stimulus plan is needed.  Obama lied…

Check out this video: Opposing ‘Stimulus’ — Hundreds of Economists Sign On

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If you are one of the above, then answer this question:  “What is the Federal Reserve, and why do we need it?”

If you cannot answer the question then you are extremely ignorant.  I say extremely because as a private bank, the Federal Reserve has a monopoly on setting interest rates and printing money.  Hardly a small force they play in the economy.  Why do they have a monopoly?  Is it necessary?  What are the side-effects of allowing a private bank to have such a monopoly?  Why do we have anti-trust laws but don’t apply them to America’s largest bank?  Why does America’s largest bank go 100% unregulated?

I know the answers to these questions, which is why I think people should be asking these questions and know the answers.  I laugh at Progressives and liberals of all stripes that cry aloud for more regulation, yet the largest private bank that has a 100% monopoly on setting interest rates and printing money goes unrecognized by them.  Most of the people of the left have absolutely no understanding or care about this private bank.  Conservatives likely have no clue either or fallaciously believe it is part of a free market.  Unlike the woefully ignorant individuals on the left and right, I believe this decrepit institution needs regulation, transparency, and possibly outright abolition.  Maybe more people of the left would believe this also if they knew anything about this bank.  But, one state of being is not knowing what you don’t know.  That is a dangerous state of being though.

Where are the Progressives and liberals on this issue of regulation?  When will they pull their heads out of the sand?

One reason that Progressives and liberals should care is as Thomas E. Woods says, “If you want to stop the war machine, you have to go after the money machine”.

Help get the word out about the Fed by helping Get Tom On TV!  Watch this quick video of Tom and get a small clue yourself.

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