When price inflation is higher than the interest paid on savings accounts, doesn’t that mean that the money held in such savings accounts would lose purchasing power?

Would the FED allow Romney to kill Big Bird?

No but serious. Why not just flat out ask them why can’t we just print as much money as we want / ‘need’?

Ask them how they ‘measure’ to make sure they are staying at a ‘safe’ inflation level.

Ask them how they ACCURATELY measure inflation.

Ask them how accurate are index readings and if they are arbitrary.

The list can go on…

What does the Fed have against the market pricing mechanism?

Why has the Fed drifted so far away from its original charter, namely to provide capital to solvent banks in exchange for good collateral in times of cyclical need?

Do you feel that government granted monopolies are superior to vigorous competition in markets? If not, why is money different?

Why do central banks hold gold?

How are market participants expected to evaluate the credit worthiness of government or corporate entities in the midst of federal reserve asset purchase programs?

Did you witness and/or read Jim Grant or Bob Wenzel’s speeches at the NY Federal Reserve earlier this year? And if so, what was your reaction?

Why was Ben Bernanke critical of a similar Operation Twist style program back in the 50′s with a paper he helped write about 10 years ago and yet still implemented the same program anyway in the midst of the current crisis?

Are there any reasons why the Fed would discourage a monetary system that permitted competition in currencies if Congress were to pass such legislation? If so, why?

At what point would the Fed be willing to concede that monetary policy has failed? Or will it continue to intervene in markets until some desired macroeconomic outcome is attained?

Money in a society is obtained by earning it, meaning that to acquire the money commodity one must produce a good or service and voluntarily trade it ( for money) with another individual. The fair or MORAL way for one to obtain money is to earn it by producing. How is it then a moral act for the federal reserve or really any organisation that engages in fractional reserve activity to create claims to goods or services without first producing goods or services. In other words how is the federal reserve NOT an immoral body?

See, I think I think asking a technical question is the wrong approach here. He will most likely give an answer that avoids the crux of your inquiry while sounding intelligent enough to fool everyone in the room.

I would like to suggest asking him leading questions that are slightly argumentative. That way you can use the forum as an opportunity to educate those around you.
Such as:
“Are you aware that, under the federal reserve (central banking) system, the dollar has been devalued over 92% of its value since the fed was created back in 1913? Know and cite your source too.

“In light of QE3 unlimited, do you think it is wise monetary policy to inflate away the savings of elderly Americans on a fixed income, in exchange for bailing banks holding mortgage backed securities”

“Are you aware that all attempts at fiat currency, not linked to anything other than itself, has ended in disaster for the economies instituting such policies. This is true all the way from ancient Rome to 1900′s Germany. So what makes you think that our manipulations of money will fare any better?”

After I wrote the above post I realized that I had written down some thoughts several months ago that I never posted anywhere. Here’s what I wrote:

Has anyone even considered that our current monetary system
is immoral? True money is a medium of exchange. It is probably the single most important development in the history of economics.

Consider the barter system. No valid transaction can take place unless two people have something tangible to exchange. Ignore for the
moment the problem of coincident wants – that is, each person must have something to exchange that the other person wants. Of course, money came into existence to solve that problem.

But notice that money is only a facilitator of exchange. True money must represent some tangible “thing”. In other words true money is a certificate of contribution to the economy, whether that contribution is goods or services. It says that I have actually caught two fish that I want to exchange for your bag of wheat. Of course, the bag of wheat did not come into existence without the effort of the person offering it for sale.

When your neighborhood counterfeiter or the Federal Reserve
prints money, that money does not represent a tangible contribution to the economy. As Ron Paul said in one of his speeches, when the local crime syndicate prints money that is called counterfeiting, but when the Federal Reserve prints money that is called good monetary policy.

Gold and silver have become the money of choice and according to the Constitution no state may “make any Thing but gold and silver Coin a Tender in Payment of Debts.”

As I write this I am observing an image of Zimbabwe’s One Hundred Trillion Dollar note with Ron Paul’s signature. Is this the future of our monetary system?

Ask him in what category he feels the Constitution of the United states was written, poorly, OK, well or very well? Then ask him why the Founding Fathers of the, very well or well, written Constitution initially mandated gold and silver for legal tender and not paper money?(they knew what the banking bastards would do, just look around) Then let him know that, once we restore our republic to honest money that you will find pleasure in his arrest for helping counter fit money and theft! Then go out with your friends later that night have a round and cheers up for the liberty movement and start tomorrow by living and promoting the cause of liberty. Ron Paul 2016 if they don’t kill him!!!!!!!!!!!!!!!!!!!!!

Just like in the Titanic disaster, middle class people are wondering why huge bank corporations are bailed out, when they caused their own derivative gambling debts, and when many of us lost 50% of our 401k’s in the stock market crash they caused, and have never been able to recoup our losses, yet his elitist friends recouped ALL their personal losses, and then some, if you count their billion dollar bonuses, so how is this fair?

You can tell him we don’t think any of this is fair! What’s right is right, a what’s wrong is wrong, and THAT is WRONG!

Wikipedia is very trustworthy on this sort of question.

http://en.wikipedia.org/wiki/United_States_Bullion_Depository

Here’s an interesting question. Suppose a terrorist gets a dirty bomb and manages to detonate it over Ft. Knox, somehow rendering the gold there inaccessible for generations.

Who is poorer then?

Ask if suspending the income tax for 90 days wouldn’t stimulate the economy by increasing the average weekly paycheck by $110?

How does the fed messure profit, through salles or coercion?