Why We Ask: Our mission and operations are funded 100% by conservatives like you. Please help us continue to extend Liberty to the next generation and support the 2021 Year-End Campaign today.

Cameron S. Schaeffer / March 4, 2013

The Family Reserve Act of Pure Stimulus

With the Federal Reserve Act of 1913, the United States began to abandon the gold standard. The process was completed in 1971 when the Federal Reserve note, or dollar, became fiat currency- paper worth only what buyers and sellers perceive it to be worth at the time of exchange.

Fiat currency facilitates government spending and borrowing, particularly to finance wars and the reelection of politicians through corporate welfare and voter entitlements. Savers have not fared well under this system of hidden taxation. A dollar saved in 1913 is now worth a few pennies. Back then, it could buy twelve gallons of gas.

The Sequester has provided another opportunity for Keynesians to argue that money-printing and spending stimulates the economy and creates wealth. But if that is true, how did this country rapidly grow into one of the richest countries in the world before 1913 without constant and massive “stimulus?” About that they are silent.

If the government’s finances can be likened to those of a family, the Sequester is analogous to trimming $85 in yearly spending for a family over $16,000 dollars in debt. The new definition of austerity is not going out to eat one night a year.

Following the money-printing crowd’s ideas to their logical conclusion, and in honor of the Federal Reserve’s centennial, we should pass the Family Reserve Act of Pure Stimulus. By allowing families to print money on their home computers, we would be certain to create adequate demand in the economy.

Start a conversation using these share links:

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


“Our cause is noble; it is the cause of mankind!” —George Washington

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2021 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.