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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: Campaign website, www.boman08.com Jun 7, 2008

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


2008 Senate retirements:

Wayne Allard(R,CO)
Larry Craig(R,ID)
Pete Domenici(R,NM)
Chuck Hagel(R,NE)
Trent Lott(R,MS)
Craig Thomas(R,WY)
John Warner(R,VA)

Incoming Obama Administration:

Pres.Barack Obama
V.P.Joe Biden
State:Hillary Clinton
HHS:Tom Daschle
Staff:Rahm Emanuel
DHS:Janet Napolitano
DOC:Bill Richardson
DoD:Robert Gates
A.G.:Eric Holder
Treas.:Tim Geithner
Winners of 2008 Senate Races:
( * if new to the Senate)
AK:*Begich over Stevens
AL:Sessions
AR:Pryor
CO:*Udall
DE:Biden and Kaufman
GA:Chambliss v.Martin (Dec. 2 runoff)
IA:Harkin
ID:*Risch
IL:Durbin
KS:Roberts
KY:McConnell
LA:Landrieu
MA:Kerry
ME:Collins
MI:Levin
MN:Coleman v.Franken (recounting as of Dec.1)
MS4:Wicker
MS6:Cochran
MT:Baucus
NC:*Hagan over Dole
NE:*Johanns
NH:*Shaheen over Sununu
NJ:Lautenberg
NM:*Udall
OK:Inhofe
OR:*Merkley over Smith
RI:Reed
SC:Graham
SD:Johnson
TN:Alexander
TX:Cornyn
VA:*Warner
WV:Rockefeller
WY4:Barrasso
WY6:Enzi
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Page last updated: Dec 03, 2008