Just curious, Hazlitt seems to be proposing changing Fed policy as the solution, as opposed to simply not having a central bank in the first place. Did Hazlitt believe there are legitimate functions of a central bank? Or does his call for the gold standard imply that the central bank isn’t needed ?

Henry Hazlitt is being kind when identifying these counterfeiters by not calling them thieves which is what they are. How long can a society prosper and be morally upright when this kind of thievery is being perpetrated day in and day out?.

I am sure the Treasury, most of Congress and Federal Reserve know what they are perpetrating is corrupt, unfortunately most business people are too immersed in trying to make an honest profit to notice they are being fleeced, and then are stymied when their best laid plans go awry because of the counterfeiting going on, on top of that they are forced to pay taxes on fictitious gains they thought were real. The injustices are just too numerous to be contemplated without tears in ones eyes.

http://mises.org/books/inflation.pdf

It’s written in laymen’s terms and easy to understand. I was numbed after reading it. Up until then, I also thought prices just rised because that’s the way it’s supposed to be.

And Yumi…The book is in print:

http://mises.org/store/Product1.aspx?Product_Id=333

Did he give credit to Hazlitt, or was this plariarism?

“Diesel this week was at an average just shy of $4 a gallon according to the American Trucking Association. If a trucker is filling up a 300-gallon semi, that bill could top $1,200 .

Riley said steps must be implemented to help all consumers fight the rising costs of gas.

“We are all, as consumers, making changes in our lifestyles and purchasing habits and it all goes back to fuel costs,” she said.

“You certainly don’t buy frivolous items like stereos, computers and jewelry,” she said..”

in spanish:
http://hidalgosypiratas.blogspot.com/2008/04/mentiras-de-la-inflacin.html