Economies will be destroyed by declining populations in those counties which borrowed from non-existent future generations for their unearned lifestyles. The standard of living will actually rise in agricultural and mining economies that depend on plenty of usable land when there is less and less competition for that land. This is why you are seeing inflation in places like Russia where you will see deflation in the future.

The “American System” of high protectionist tariffs, corporate subsidies and a central bank run by politicians is not a conservative system. Lincoln idolized Henry Clay and his Whig Party, and spent over 20 years in politics supporting Clay’s American System. Alexander Hamilton was the first major American politician to advocated this system. It could not be further from the free-market conservative position.

The purpose of the American System for the Whigs and then Republicans was to maintain power indefinitely. If you can print money to do your dirty deeds and then favor wealthy business donors, such as the Republicans did with the railroad companies after the Civil War, the idea is that you can never lose your political power.

Conservatives HATE political power.

Lincoln was the first Republican president, NOT a conservative!

“You have brains in your head. You have feet in your shoes. You can steer yourself in any direction you choose. You’re on your own. And you know what you know. And YOU are the one who’ll decide where to go…”

Apparently unsound money policies have been implemented throughout human history. Centrally-managed currencies fail.

The Federal Reserve will end when we no longer except the premise of statism. Ending the Fed will do nothing at all if the disease of statism is still rampant.  The Fed is just the symptom; it is not the first central banking institution and would not be the last so long as the evil ideology of statism is allowed to run freely.

Privatized profits and socialized losses. When major losses occur, it is left up to third parties to make them up (That’s you and me).

She called paper money a “mortgage on wealth that does not exist.”

This is a paragraph from Francisco’s Money Speech:

“Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owner a counterfeit pile of papers.”