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How Uncle Sam Inflates Away Your Life

Authored by MN Gordon via EconomicPrism.com,

“Inflation is always and everywhere a monetary phenomenon,” once remarked economist and Nobel Prize recipient Milton Friedman.  He likely meant that inflation is the more rapid increase in the supply of money relative to the output of goods and services which money is traded for.

As more and more money is issued relative to the output of goods and services in an economy, the money’s watered down and loses value. 

Another Step Forward For Sound Money: Location Picked For Texas Gold Depository

Another Step Forward For Sound Money: Location Picked For Texas Gold Depository

Via SchiffGold.com,

The Texas Bullion Depository took a step closer becoming operational earlier this month when officials announced the location of the new facility.

The creation of a state bullion depository in Texas represents a power shift away from the federal government to the state, and it provides a blueprint that could ultimately end the Federal Reserve’s monopoly on money.

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