It’s the greatest issue facing us now that no one is talking about.
John Maynard Keynes is the founder of most modern macroeconomic thought that is now widely accepted in Washington, and even so within the Trump administration, despite Keynes, himself, being a liberal. “Keynesian economics” is hastily presented in all of todays economics courses, but have a look, if you will, at this quote which will certainly not be found inside a textbook:
“By a continuous process of INFLATION, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” -John Maynard Keynes
Now consider another quote from a different author:
“The best way to destroy the capitalist system is to debauch the currency.” Vladimir Lenin
The more we uncover, the more we see that something is seriously wrong. Central economic planners benefit from inflation because it reduces the real value of the national debt. Politicians benefit from inflation because it allows them to fund programs without obviously raising taxes. Many large corporations which are in bed with the federal government also benefit from inflation because they typically receive the dollars being endlessly created under inflationary policy. (Those corporations in turn donate to the politicians who are giving them the money. See: Public Corruption) But who is hurt by inflation? The answer: all the rest of us… The Federal reserve’s target inflation rate is about 3%. They consider that to be low, even good, but at that rate our money loses LITERALLY half of its purchasing power every 27 years. Now we can understand how most prices have exploded since the government totally abandoned the gold standard in 1971. Did you know that between 1945 and 1971, when our nation was last on a gold standard, called the Bretton woods agreement, there were virtually no banking crises anywhere? It is also no coincidence that we experienced massive monetary inflation AND growth in the size and spending of government following our exit from the Bretton Woods agreement. There is nothing magical about gold. It is simply a stable commodity with global acceptance. Whether it be gold, oil, or a basket of commodities, we must return our currency to some standard in order to have future stability in our markets.
“By committing itself to an inflationary or deflationary policy, government does not promote the public welfare, the commonwealth, or the interests of the whole nation. It merely favors one or several groups of the population at the expense of other groups.” Ludwig Von Mises
What is even scarier is some are saying that inflation is actually higher than what the Fed is willing to admit, or at least what they are able to accurately calculate. They say not all inflation is apparent by the consumer price index, that we must also consider inflating asset prices. This may yield some insight into what many are now call a “booming” stock market.
If we continue with the status quo here, then it is not just unproductive, it is counter productive to save money, as your savings are always losing real value. We can only expect the size of government to continue growing, and spending too, if we do not force our government to stop printing money.
Inflation is the real killer of the middle class, and is especially harmful for seniors saving for retirement.
Needless to say, some people are giving bad economic advice to the President, as he recently called for MORE inflation. I hope to be a voice in Washington for sound and stable economic policy.
“The most sinister of all taxes is the inflation tax and it is the most regressive. It hits the poor in the middle class. We you destroy a currency by creating money out of thin air to pay the bills, the value of the dollar goes down, and people get hit with a higher cost of living. It’s the middle class that has been wiped out. It’s the most evil of all taxes.” Ron Paul“Strictly speaking, it is probably not necessary for the Federal government to tax anyone directly; it could simply print the money it needs. However, that would be too bold a stroke, for it would then be obvious to all what kind of counterfeiting operation the government is running. The present system combining taxation and inflation is akin to watering the milk; too much water and the people catch on. Ron Paul
The love of money really is the root of much evil, and it is current reality in Washington. How do we accept that politicians are literally paid to vote? They call it lobbying. I call it bribing, and as long as it continues, we should not expect anything better from government.
The good news is: we can put an end to it right now. We really can. It really is up to us. Anyone can go to www.fec.gov and search for any elected official, and even unelected candidates too!
Do you think big pharma has too much control in Washington? Are you tired of the military industrial complex paying politicians to keep American soldiers in Afghanistan for a few more years? The pay logs are public information, so look it up, and vote accordingly.
You might be really surprised too at how many corporations are paying both sides of the isle.
Help President Trump to LOWER THE DEFICIT and CUT SPENDING.
Weak Republicans continue sending broken budgets for the President to sign. I am disappointed that the President does sign these, but I understand that he does not write the bills. This is why we cannot risk sending another Republican on a 6 year Senate term who says things like “Well, uh, I don’t foresee myself voting for a broken budget.” Yeah, I’m sure you won’t, until the RNC threatens to cut your funding and you cave like the rest!
While one Senator cannot force a balanced budget, I guarantee that Senate leaders will always expect a No from me when they try to push us further in debt.
I will work with Senator Rand Paul to pass his “Penny Plan” which basically calls for a 1% federal haircut every year. I will also fight to end corporate welfare, and end the multi billion dollar subsidies being given to large, profitable corporations. It’s no secret that some Republicans support big spending on federal subsidies, but not me, no way.
Seriously, this is the biggest reason that Republicans are elected: to reign in the out-of-control spending. It’s tragic that, even under total Republican control, the deficit got even deeper. If we cannot do any better, then we may as well go home. So please do not elect another Republican making vague promises while taking thousand-dollar campaign donations. Choose one with a real plan!
Oh, and can you say BALANCED BUDGET AMENDMENT?! I will.
We already discussed the invisible inflation tax. The most un-American and unconstitutional of taxes are property taxes.
I know that property taxes pay for important things like schools and police, but we can find other ways to pay for these that do not include threatening homeowners every year. There are people who don’t like hearing “taxation is theft,” but when people are threatened to have their homes sold out from under them for failure to pay a tax, yes, it is theft and extortion, and it’s a downright shame that we accept this in America.
The 4th amendment guarantees the right of people to be secure in their papers and property against unwarranted searches AND SEIZURES. Subjecting citizens’ property to seizure over a tax value determined arbitrarily by a bureaucrat sounds more like a page out of King George’s playbook than what ought to be customary in the United States. There is bipartisan support among real people for this! Days ago I met 2 Democrats who said they would support usage fees in place of property taxes.
Concerning schools, the federal education budget is over $100 billion annually. That averages over 2 billion per state. Of course, the federal bureaucracy wastes many of these billions on gross inefficiency, so when we eliminate this unconstitutional department that has only dumbed down public classrooms, we can leave these dollars with the people and the states to spend how they see best.
What taxes should we have then? Well, we should also repeal the 16th amendment that allows for direct taxation of citizens by the federal government. Then, this money too can remain local to help pay for real services that people want, like schools, police, and roads.
I think that all taxes should be local, or, at the farthest, statewide. The federal government should then have to request from the states the money required for real, Constitutional programs.
The 10th amendment is very important, so much that the founders let it conclude the Bill of Rights, just to clear up any confusion.
“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
This means that most federal programs are unconstitutional! Imagine now if we would just follow the Constitution. We probably would not be 23 trillion, and counting in debt. My tax plan will help force the government to abide by the Constitution, and for that reason, a lot of politicians are not going to like it. We have a battle ahead of us, for sure.
WarI will assist President Trump to fulfill his campaign promises to end unwise wars and bring troops home.
Bad advisors like John Bolton, and bad Senators like Lindsey Graham have pushed for bad policy, keeping our troops in harms way, including over 14000 now in Afghanistan as Bolton and his cronies are negotiating with terrorists and the Taliban. These crony people who are paid by large corporations which profit from keeping troops overseas (see: Dick Cheney’s Halliburton) are unfortunately succeeding, as it was just announced that we are staying in Afghanistan after all, to serve as a police force. Everyone with a brain knows that we never should have followed George Bush to Afghanistan. Now we have nothing to gain from more Middle Eastern conflict. I take seriously the war powers clause of the Constitution which entrusts the power to declare war with Congress.
The unconstitutional, undeclared, and bureaucratic conflicts of our recent history have allowed parts of the world to question our military might. We tie our soldiers’ hands, draw arbitrary lines in the sand, and compromise missions that already do not have a clear purpose. It should not be this way. Military action should be all or nothing, in and out, no occupying force, just a destructive one to quickly decapitate anyone who dares threaten us. Enough of the games, enough sanctions, enough talking to Iran, North Korea, and anyone else uninterested in peaceful relations. The world will fear our mighty silence.
The issue of terrorism will not go away until we understand that terrorism is almost always the result of irresponsible foreign intervention. Besides many of these foreign interventions not being authorized as the Constitution requires, our recent foreign policy has been like throwing rocks at every hornets nest scattered throughout the world, and our current occupations of Iraq and Afghanistan, and interventions in Syria and Yemen are literally making another generation of terrorists.
They don’t hate us for our freedom, or even our religion. They hate us because a drone strike killed their father, or brother, or son, and they live with trauma and constant fear of another.
Who knew that Iran once had a peaceful, democratically elected President who sought America’s approval? What happened? Iran wanted to keep it’s own oil from British Petroleum, so our CIA and British intelligence launched a coup and installed a brutal dictator. This is a true story from the 1950s, and it was all down hill from there.
While Iran supports terrorism now, claims that they are the world’s largest sponsor are untrue. Saudi Arabia sponsors more terror than anyone, and we enable it. George Bush claimed the Saudis to be our friends, even while they OPENLY FUNDED THE TALIBAN in Afghanistan through 2016.
Our own government has even supported terrorism! When Obama and Senator McCain were wanting to arm the “moderate Syrian rebels” they were actually talking about Al Qaeda.
A military intelligence report from 2012 even warned of the probably danger of radical Islamists going over the Syrian boarder and unraveling our progress in Iraq, should we arm the rebels. They knew exactly what they were doing, and they lied to us the whole way, just like George Bush did. Two years later, we were all hearing about the Islamic State that the military was warning against 2 years prior.
A first step to defeat global terrorism is to STOP GIVING THEM WEAPONS. That is why I will be the first co-sponsor of Rand Paul’s S. 532 Stop Arming Terrorists Act, and I will ride all the other Senators until they end their own complicit support of Al Qaeda, and support the bill to Stop Arming Terrorists.
What about 9/11? That attack was not by Iraqis, Afghans, or even Iranians. They were almost all Saudis, working with plans and money from Saudi officials which our own government traced coming through Saudi consulates in America. A traitorous George Bush fought hard to cover up this truth, and at first he succeeded. While most in Washington are too afraid to confront this truth, I am not. Justice waits.
I am pro life.
Not only will I take opportunities to move policy in favor of unborn rights, I will truly vote to defund abortion providers. Even while Republicans controlled the Presidency, House, and Senate from 2016-18, every budget they passed maintained federal funding for Planned Parenthood. Not only will I not vote like this, I will call out all the others who do. Moreover, this federal funding is unconstitutional.