Fed policy destroys the value of your savings

The Free Liberal
by US Rep. Ron Paul (R-TX)

07/14/06

For years officials at the Federal Reserve Bank, including Chairman Bernanke himself, have assured us that inflation is under control and not a problem -- even as the price of housing, energy, medical care, school tuition, gold, and other commodities skyrockets. The Treasury department parrots the Fed line that consumer prices, as measured by the consumer price index (CPI), are under control. But even many mainstream economists now admit that CPI grossly understates true inflation...

http://www.freeliberal.com/archives/002177.html


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