Tuesday, November 19, 2013

Nominated Fed Chairman, Janet Yellen Hurting Savers Is Good Policy?

Nominated Fed Chairman, Janet Yellen
Hurting Savers Is Good Policy?

Chuck Morse
Epic Quest Media
773-774-1583, Andre Traversa
617-271-5044, Chuck Morse

Chuck Morse CREDS
Hosts the radio talk show Chuck Morse Speaks on the IRN/USA Radio Network
Author of several books, including:
Author Book Page:  Books by Chuck Morse  
Columnist:  Published in The Boston Globe, The Washington Times, The Providence Journal, WND, Newsmax and Front Page. 
Challenged Rep. Barney Frank in Massachusetts for Congress in 2004.

Nominated Fed Chairman, Janet Yellen
Hurting Savers Is Good Policy? 
Testifying at her confirmation hearing, Janet Yellen, President Obama’s nominee for Federal Reserve Chairman, promoted an inflationary policy; one in which the Fed would “monetize debt” by creating money out of thin air and then lending it to the Federal Government at interest to pay for government expansion. Nebraska Senator Mike Johanns raised the fact that this inflationary policy hurts the value of the workingman’s dollar and thus hurts savings. Ms. Yellen responded by claiming that the overall interests of the economy, as she determined that interest, trumped the interests of savers. 
“What, exactly is this incredible power of the Federal Reserve, this unelected bureau of private bankers and investors, in that they get to set the value of the American dollar in the first place?” asks Chuck Morse, the author of The Art and Science of American Money – How Our Money Is Created and Why It Matters.The Constitution, Morse notes, “calls for the elected Congress, not this private banking monopoly, to determine the value of our money.”
Mr. Morse’s book, which is a monetary history of the United States, documents the struggle between Americans who advocated public constitutional money, leaders such as Benjamin Franklin, Thomas Jefferson, James Madison, Andrew Jackson, Abraham Lincoln, Franklin Roosevelt and John F. Kennedy, and those who sought to transfer the money power to the private banking cartel where it now resides with the Federal Reserve.   
Liberal economists such as Janet Yellen believe that in economically slow periods money should be pumped into the economy in the form of government spending. This Keynesian approach claims that spending and debt would paper over hard times. The bill would be paid by taxpayers once, as the theory holds, prosperity returns and taxes can be raised. In the meantime, inflation robs the workingman’s dollar of its value and raises the national debt which is a lein on the future of all Americans.  
Mr. Morse advocates for the issuance by Congress of interest-free United States Notes, in accord with the Constitution, as a means of paying down the national debt and stimulating the economy by paying for worthy public projects. Morse claims that such a policy would stabilize the value of the dollar and end the boom and bust cycle.
Not much is known about the science of money or of American monetary history or theory; an examination of this vital subject places politics in a new light,” asserts Morse.
Schedule Chuck Morse on your show for a full discussion on this historical and yet timely subject!
Chuck Morse is the host the radio talk show "Chuck Morse Speaks" which is nationally syndicated on the IRN/USA Radio Network Mon - Fri 10 AM - Noon ET. He is the author of books as well as columns that have been published in The Boston Globe, The Washington Times, The Providence Journal, the New Bedford Standard Times, WND, Newsmax and Front Page. Chuck Morse received the 2003 Communicator of the Year award from the National Right to Work Committee and was named a "Heavy 100" Radio Talk Host by Talkers Magazine. Morse ran for Congress in 2004 against Rep. Barney Frank in Massachusetts.
Chuck Morse speaks on several topics covered in his books which are published on Amazon Kindle.
Those books may be reviewed and purchased at Amazon.com; or go here now:  Books by Chuck Morse. 

The opinions or viewpoints expressed herein do not necessarily reflect those of Epic Quest Media.  ©2013 Epic Quest Media  

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