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Scotty Boman on Budget & Economy

Libertarian Challenger


End the Federal Reserve’s Inflation Tax: return to gold

The Federal Reserve Act of 1913 is not only unconstitutional, it has been absolutely ruinous to our nation’s economy. Since the Fed has come into being, the U.S. dollar has lost 95% of its purchasing power--and yet the defenders of the Fed tell us its purpose is to “keep inflation under control.”

The fact of the matter is that only the government and its central bank can cause inflation. They do this by expanding the money supply. Each time the Fed creates new money, it diminishes the value of your dollar-based financial holdings. It thus imposes a hidden tax--the “inflation tax”--and redistributes wealth from the poor and working class to the rich and politically connected.

If we act quickly, and if the states take the lead by abolishing all sales taxes on gold & silver, then we might be able to transition from the fiat empire of the Fed to a truly free economy before we meet our economic ruin as a nation.

Source: 2008 Senate campaign website, www.boman08.com , Jun 7, 2008

Other candidates on Budget & Economy: Scotty Boman on other issues:
MI Gubernatorial:
Rick Snyder
MI Senatorial:
Carl Levin
Debbie Stabenow

MI politicians

Retiring as of Jan. 2013:
AZ:Kyl(R)
CT:Lieberman(D)
HI:Akaka(D)
ME:Snowe(R)
ND:Conrad(D)
NE:Nelson(D)
NM:Bingaman(D)
TX:Hutchison(R)
VA:Webb(D)
WI:Kohl(D)


Senate elections Nov. 2012:
AZ:Flake(R) vs.Hackbarth(R) vs.Bivens(D) vs.Carmona(D)
CA:Feinstein(D) vs.Emken(R) vs.Taitz(R)
CT:Bysiewicz(D) vs.Murphy(D) vs.Shays(R) vs.McMahon(R)
DE:Carper(D) vs.O`Donnell(R)
FL:Nelson(D) vs.LeMieux(R) vs.Connie Mack(R)
HI:Hirono(D) vs.Case(D) vs.Lingle(R)
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ME:D`Amboise(R) vs.King(I)
MI:Stabenow(D) vs.Hekman(R) vs.Konetchy(R) vs.Hoekstra(R) vs.Boman(L)
MN:Klobuchar(D) vs.Arwood(R) vs.Hernandez(R) vs.Severson(R)
MO:McCaskill(D) vs.Akin(R) vs.Steelman(R)
MS:Wicker(R) vs.Gore(D)
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Page last updated: Mar 23, 2012