The Real Story Behind Inflation
What do you know about inflation? Milton Friedman famously said: “Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” Of course, we all know the driver of the quantity of money is government spending priorities, and recently the government has been spending a lot. So what does that mean for the American people? On this episode, we talk about the basics of inflation, what it means for your pocket book, your gas tank, and your grocery bill. This episode shows what happens when too many dollars chase too few goods.
Explainer: https://www.heritage.org/budget-and-spending/heritage-explains/the-real-story-behind-inflation
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Free trade is a scam by multinational companies to avoid excise taxes and tariffs. The result is those taxes are not collected to finance the government. So taxes are raised on you to make up for the taxes those multinational corporations evaded by pushing Free Trade policies in the country they are preying on.
Wages have not increased 30%
I had not thought of inflation as a tax before, but it's so clear now. Thank you. What can we do? Is Bitcoin the answer, or precious metals?
Walter Williams DESTROYS Myth that Minimum Wage Prevents Poverty: https://youtu.be/Y97UqMZvvIE