William Grigg on the evils of inflation (this is critical to understand, folks):
A few nights ago, at the end of a day devoted to productive and pacific pursuits, after you had surrendered to a few hours of well-earned sleep, the people who presume to rule us raided your bank accounts.
No, I'm not referring to the Regime's ability to monitor your financial transactions, a power displayed to dramatic effect in the prostitution sting that ended Eliot Spitzer's lamentable career. Yes, you've probably been subject to totalitarian scrutiny of that sort at some point as well, but that's a topic for another occasion.
Right now, I'm talking about the Federal Reserve's most recent wealth redistribution plan, through which hundreds of billions of "dollars" will be created in an effort to stave off bank failures -- an effort that will not succeed.
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