John Allison on the Financial Crisis

SDRs are simply a mechanism by which to increase global currencies to meet the demands of governments to spend more than they are able to either collect in taxes or borrow from domestic and international creditors. It is a way for governments to continue to live and spend beyond their means.

The establishment of gold as money is essential to the achievement of a capitalist society.

Trump’s proposed reform would make the Fed an arm of the White House. It would be a step in the wrong direction.

What should have been a minor economic downturn became the Great Depression because government interventions prevented the market process from working.

Ludwig Von Mises explained why with his Austrian theory of Money, Banking, and the Business Cycle.

By resisting the CBDC tide and instead strengthening our money with a commodity backing (preferably gold), the US would in one fell swoop create the world’s soundest and most stable monetary unit.

Whichever definition one prefers to use — an expansion of the money supply which leads to price increases, or a broad and sustained increase in consumer prices — inflation is caused by the governments and central banks who control the money supply.