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Steve Forbes attempts to cut through the media panic and dispel doomsday rumors by framing the credit crisis in context within the overall economy.
Forbes claims median household assets are up 30%, in excess of 50 trillion dollars, and losses stemming from the credit crisis can be absorbed.
Steve Forbes traces current U.S. financial troubles to inflation caused by the Federal Reserve overprinting money.
Forbes demands the strengthening of the U.S. dollar to avoid repeating the "dumb mistakes" of 1970s inflation.
Steve Forbes criticizes U.S. federal income tax, calling it an "abomination" and a "huge dead weight on the American economy."
Forbes advises that the federal income tax should be replaced with a simple flat tax.