Experts everywhere are talking about controlling inflation as if that should be our primary economical goal. What exactly does it mean, to control inflation?
Surely we understand, “control.” We set our thermostats to control the heat, or the air conditioning in our homes. We control the amount we cook our steaks, we control how much electricity we use by using only the lights, and appliances we need, and not every light, and appliance continually.
There could be many more examples used here, but these should be sufficient for this illustration. In these examples there is a running theme, have you guessed it yet? It is that there is an amount of each that is acceptable, even optimal, and anything over that amount should be considered not acceptable.
For instance, if we have the thermostat too high, our home becomes too hot, and the cost of heating it becomes more expensive. The same is true in reverse for the AC.
If we prefer our steaks medium rare, well done will not be acceptable.
If we allow every light, and every appliance to run continually, we may struggle to afford our electric bill.
The use of the term, “control inflation,” suggests that there is an acceptable, even an optimal level of inflation. I reject this assertion.
Would you agree that there is an acceptable degree that your wife might be raped, or an acceptable amount that you would submit to armed robbery?
Inflation is simply the theft of our wealth by deception. It occurs when the Federal Reserve creates more currency. It is no more complicated than that. Ending inflation is no more complicated than disallowing the FED to print, or digitize currency. Instantly there would be no more inflation, but the forces which receive the benefits of this stolen wealth, like the banking industry, and our government, (state, and federal,) find this option unacceptable.
When we hear the deficit numbers, though not a perfect representation, we can expect that these numbers fairly represent how much counterfeit currency has been introduced into our economy.
You may wonder how I can be sure of this? Well, let’s examine how our government is to acquire the capital used for government expenses. Is it not through taxation?
The amount of money in circulation is representative of the wealth produced by our working economy, goods, and services produced. The wealth produced by that gross domestic product is taxed at a predetermined rate. Those federal resources are then used as federal revenue, but if more is used than is collected, where is the rest accumulated from?
Here we meet the problem. Through a number of financial gimmicks, the FED, and the US government conspire to hide their theft, while they suck the wealth from our currency by “printing money,” and directing it to the government to disburse. Every dollar of this fabricated “wealth” is stollen from the working public, and is excess inflation. In other words, unlike in our illustrations, where there is an acceptable, or optimal degree, there is no amount of inflation that is not theft, and therefore should be unacceptable.
We don’t need to control inflation, we need to abolish inflation, and as long as we go along with the assertion of “experts,” that there is an acceptable amount of inflation, the theft will continue, and it will likely increase.
You may wonder how I can be so sure? Well, has inflation ever subsided on its own before? If there are no consequences for ill-behavior, what is the usual result? Is it not more ill-behavior?
It is because too many American are content to remain ignorant that this plundering of the American economy will continue, and there is no hope that it will remain anywhere near acceptable. The deficit, and US debt will explode, leaving every American with unsustainable debt.
When pouring water out of a pitcher, there comes a time when there is no water to pour. You can argue about it all you want, but there is no water. America produces a finite amount of wealth, higher taxes will only produce more revenue for the government to a point, then it will stifle the ability of our economy to produce wealth. Then, when a diminishing wealth meets increasing debt, it will yield a catastrophic economy, and possibly the fall of America.
Does this seem to you that I am doom-saying? I believe that I am warning my fellow Americans to quit entertaining the lies offered by our government, before it is too late, and we are over the cliff.
God bless you Dave
I’m with you. Supply and demand should determine value, not government manipulation.