Government mouthpiece and well known Keynesian economist Paul Krugmanmakes the case for monetary easing and Fed intervention by claiming that the rising cost of food and gas has nothing to do with the Federal Reserve or the free money they've dished out to banks, both foreign and domestic, to the tunes of not billions, but tens of trillions of dollars.
The fact of the matter is that since its very inception the Federal Reserve has played the key role in the destruction of our currency with a dollar today being worth just 5% of what it was in 1913.
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