Manarin Investment Counsel, Ltd.

This past weekend Roland and Aron visited Jekyll Island, birthplace of the Federal Reserve System for a conference sponsored by the Mises Institute.  Young and old free market thinkers from all over gathered on this small island off the coast of Georgia to explore the history of the Fed, it's impact on American public life, as well as what the future may hold for the Fed.

Among the notable speakers was Congressman Ron Paul (pictured above).

Some key notes Roland and Aron brought back include:

• John Maynard Keynes isn't the only game in town.  The far superior free market "Austrian" economic model is getting more attention today.  The American public is fed up with the borrow and spend attitude of our government and the incredible expansion of Federal Reserve policy.
• Inflation is a hidden tax that destroys purchasing power.  Look at the below Consumer Price Index chart dating back to 1790.  Keep in mind that the Fed has been in existence for the past 96 years.

• We have actually had prosperous times in our history while experiencing deflation.
• Below is the scene of the crime where the meetings took place in 1910 that led to the Federal Reserve creation.

Photo Credit: Mises Institute