Time to Return to Sound Money for Solid Economic Footing Says The John Birch Society

By:  Bill Hahn
11/26/2008
       

Lamenting Economic Solutions: Time to Return to Sound Money for Solid Economic Footing Says The John Birch Society

Americans seeking solutions to this disaster should be looking to the U.S. Constitution, says John McManus, president of The John Birch Society.

Appelton, WI -- November 26, 2008 -- As the U.S. government shores up a failing economy by pumping in trillions of dollars, Americans need to be seeking alternative solutions to preserve a better future for upcoming generations. "Americans seeking solutions to this disaster should be looking to the U.S. Constitution," says John McManus, president of The John Birch Society and publisher of "The New American" magazine.

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The cover story of the November 24, 2008, issue correctly points out, "In a Free Market, Money Doesn't Grow on Trees." As stated in the article, "the key to restoring the economy to good health is to stop harming it … stop creating money out of thin air … allow market forces to set interest rates, and limit government to its proper constitutional size."

Senate Majority Leader Harry Reid recently said during the Congress' lame-duck session, "We are seeing a potential meltdown in the auto industry, with consequences that could directly impact millions of American workers and cause further devastation to our economy."

The possible devastation he mentioned should certainly be considered regarding inflation and deficit spending. Deficit-driven inflation impacts more than just workers, rather all current and future generations of Americans. Congressman Ron Paul predicted an automakers' bailout in September in a "U.S. News & World Report" blog. He noted, "Our policy is such that everybody gets bailed out. It's like a drug addict, they've got to take their fix. It's too tough getting off these drugs. And the drug here is easy credit."

Bailouts are a short-term fix, but their toll will be felt over the long term by taxpayers. Repayment of the debt, as well as higher prices and deteriorating standards of living, thanks to inflation, are assured results of creating billions of dollars backed by nothing.

Author of the 1993 "Financial Terrorism" that warned about deficits and inflation, McManus has written and narrated "Dollars & $ense," a new DVD that explains in clear terms such topics as money and inflation, free market economics, and sound currency. In the DVD, McManus points out that during his lifetime, the U.S. has gone from the greatest creditor nation with the most respected currency to the greatest debtor nation with an increasingly shunned currency. At the end of the DVD, McManus provides an avenue for establishing sound currency, including allowing competing currencies and abolishing the Federal Reserve.

McManus joined the staff of The John Birch Society in August 1966, and by 1991 was named its President and Publisher of its official magazine, "The New American." He has appeared on hundreds of radio and television programs and has written and produced numerous videos and DVDs, including the popular "Overview of America," a moving survey of America's remarkable roots. Originally from Brooklyn, New York, he is a graduate of Holy Cross College in Massachusetts. He served on active duty as a lieutenant in the U.S. Marine Corps for three years. For six years before accepting a staff position with the Society, he was employed as an electronics engineer.

Founded in 1958 and headquartered in Appleton, Wisconsin, The John Birch Society is dedicated to restoring and preserving freedom under the U.S. Constitution. Members come from all walks of life and are active throughout the 50 states on local, regional and national issues. United by a strong belief in personal freedom and limited government, plus a sense of duty, members have played a continuous and pivotal role in halting legislation and federal policies that threaten the independence of our country and the freedom of American citizens. Visit JBS.org for more information.

To interview John F. McManus regarding sound money and free market economic solutions, contact Bill Hahn, Public Relations Manager, The John Birch Society/ The New American 920-225-5606, This email address is being protected from spambots. You need JavaScript enabled to view it. .

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Last modified on Thursday, June 02 2011 15:55
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