Tag Archives: Mellon Tax Trial

The People Speak: Ron Paul

One thing is clear — the founding fathers never intended a nation where citizens would pay nearly half of everything they earn to the government. Continue reading

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John Galt at the Treasury Department

As Mellon’s fiscal policies at the Treasury Department unleashed an explosion of productivity, investment, and innovation, the good times were being undermined down the street by unsustainable monetary policies at the Federal Reserve System. Artificially low interest rates, caused by the Fed’s inflation of money and credit from 1924 through 1928, added a dangerous froth to an otherwise healthy economy. When the Fed burst the bubble by raising interest rates starting in 1929, the boom gave way to the bust, made worse for a decade by the tax and regulatory policies of two administrations. Continue reading

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