Speaking of our enemy, the Fed, Ron Paul continues to hammer home the point that inflation (that is, creating money out of thin air) is the primary cause of many of our woes, including rising oil prices:
Oil prices are on the minds of many Americans as gas hits $4 a gallon, and continues to surge. How high can prices go? How can we solve these problems? What, or who, is to blame?
Part of the answer lies in understanding bubbles and monetary inflation, but especially the Federal Reserve System. The Federal Reserve is charged with controlling inflation through interest rate manipulation, however, many fail to realize that creating money, and therefore inflation, is really its only tool.
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