Over the course of the past two days, I have been in online discussions with our fearless leader, ElfNinosMom, and LFV newcomer, Jeff Wartman, about whether “Joe Six-Pack” — alias John Q. Taxpayer, etc. — cares about the Federal Reserve. Well, as luck would have it, CNN.com took a break from its riveting coverage of female bathroom habits and ran a story about a recent survey concerning the Fed.
Poll shows that majority of respondents are unsure about the central bank’s ability to improve the economy.
- 17% of Americans are “not confident at all” that the Fed can stimulate the nation’s “shaky economy”
- 34% “not very confident”
- only 8% were “very confident” in the Fed’s abilities
Of course, it is the 8% that are most likely correct — the Fed almost certainly can “stimulate” the economy, just as a shot of heroin can stimulate a junkie. But, to me, these numbers show the nation does not have confidence in the cabal of central economic planners running the money system, and they’re starting to catch on to the scam.
Thanks to government intervention, Joe Six-Pack’s six packs now cost what a case did a few years ago, and he’s mad as hell about it. Now is the time for Libertarians to champion honest money and economic liberty — not to cower from these “complicated” issues that “don’t matter to regular people.” People are being robbed on a daily basis, and they care plenty.