Many Americans are buying gold and silver as hedges against a feared decline in the value of the dollar. Considering that the current fedgov fiscal year deficit is forecast at $1.75 trillion, buying the metals seems a prudent move as a devastating decline in the dollar is almost a certainty.
But, too many Americans do not realize that inflation often brings more losses than declines in the purchasing power of currencies. Perhaps the greatest cost is in human liberty itself, and too many people are unaware of the connection between a decline in the quality of money and the rise of despotism.
The Ludwig von Mises Institute is spearheading the efforts to educate people to what the future holds if inflation is not halted. Not only are we set to see a decline in the value of the dollar but also a loss of our liberties.
One-day Phoenix Seminar
On April 10, 2010, the Institute will present a one-day seminar in Phoenix, AZ. It is titled The Inflationary Path to Despotism. The seminar is smartly planned.
Registration is 8:30 a.m. to 9:30 a.m., at which time a 15 minute welcome is given. Then five speakers are allotted 30 minutes each. (Actually, Charles Goyette a former local Libertarian talk show host and author of The New York Times bestseller The Dollar Meltdown will speak for 45 minutes. See the Mises Institute invitation below for the details.) Registration is online. Follow the link in the invitation below to register.
I’ve already registered, and CMI Gold & Silver Inc. clients who plan to attend the seminar are invited to join me for a free breakfast the morning of the seminar. At this time, no program is planned for the breakfast, but undoubtedly there will be great conversation about the metals markets and the country’s current state of affairs.
If you will be taking me up on the free breakfast, please call CMIGS’ office and ask for Shannon or Jenny. They will be keeping track of how many will be joining me. Local number is 602-234-2300.
As the invitation notes, “You will profit intellectually and otherwise from the meeting.” Of that I am certain. Gold and silver investors will be doubly rewarded. Please register and be there. Only at a Mises Circle event do you get the opportunity to hear such esteemed members of the Austrian School.
The Inflationary Path to Despotism (Mises Circle, Sponsored by James M. Rodney)
April 10, 2010
Phoenix, Arizona, Hilton Airport
Register Here (Students: see end of this page for Student Scholarship Application.)
From Ancient Rome through modern-day America, money inflation has been the means by which the state extracts wealth without recourse to taxation.
Such a monetary policy leads to gutting savings, punishing investment, and the launching of economic cycles and even soaring prices and banking disasters. But perhaps the greatest cost is in human liberty itself. The intellectual tragedy here is that few make the connection between the quality of money and the rise of despotism.
The prospect of hyperinflation in our future is the great horror that awaits us on the current path. It will not only mean death to the dollar but the rise of a ghastly statism.
This Mises Circle is devoted to exploring the relationship and providing a path toward permanent freedom. Admission is $85 per person and this includes lunch. Through the generosity of James M. Rodney, each attendee will receive a complimentary copy of Henry Hazlitt’s The Inflation Crisis and How to Resolve It.
8:30 a.m. Bookstore Opens and Registration Begins
9:30 a.m. Welcome
9:45 a.m. “Inflation’s War on the Free Market” Douglas E. French
10:15 a.m.”War and Inflation: Financing the Empire” Thomas DiLorenzo 10:45 a.m. Discussion and refreshments, Bookstore Open
11:00 a.m. “The Cultural Upheaval of Loose Money” Jeffrey Tucker
11:30 a.m. “How Bernanke Is Using the Printing Press to Win Friends and Influence People” Robert Murphy
Noon Lunch, Bookstore Open
1:15 p.m. “The Command Economy: Surging Forward into the Past” Charles Goyette
2:00 p.m. Closing Remarks
3:00 p.m. Bookstore Closes
James W. Fogal CFP®, Director of Development for the Institute, is available during breaks and after adjournment to discuss charitable/tax saving strategies.
Location: Grand Ballroom of Hilton Phoenix Airport. Accommodations: call 480-894-1600 before March 19 and mention Mises Institute for a rate of $139 per night single or double, plus tax.
Scholarships for full-time students are available. To apply, open the student scholarship form with Adobe Acrobat and save the completed form in pdf on your computer. Email the saved file plus a copy of your student ID, or fax to 734-448-8148.
Questions? Call 334-321-2100 or email.