Loading ...The problem is that people don’t know enough about the governments failure to manage a economy or a budget and misusing the printing press and the consequences of inflation. People also do not want the discomfort it would cause to fix it.
If we got another currency it wouldn’t make a difference if they could print it too. People can’t get together or back others if they or others don’t have the right answers themselves. Then it would have to be one that doesn’t just benefit them. There is one of the answers, stop the bleeding. Stop spending, borrowing , and printing.
We know with this irresponsible administration that’s not going to happen. All they’re going to do is raise the taxes and interest rates and make the already inflated costs even more expensive. The irony is much of it isn’t even going back to us either.
If we give them a dollar how much do we get back? Milton said 80 cents back then. That was then, it’s even less now. Milton makes economics come to life. I’ve been watching a lot of his videos lately. Inflation isn’t a capitalist problem or a communist problem it’s a printing press problem. Now complicated by interfering with free trade and causing oil restrictions amongst other things like open borders which creates over population and more special interest groups that shouldn’t even be involved in our politics anymore that we theirs.
That creates more complications with once common interests despite diversity in culture previously leading to further division and interferes with competitive pricing due to tighter supply’s and higher demand.
With the current administration things are just going to get worse.
Milton Friedman Speaks: Money and Inflation (B1230) – Full Video
Inflation is blamed on many things. But it has only one cause: It is a monetary phenomenon. Inflation occurs when the quantity of money increases faster than the quantity of goods. Why does the money supply increase? Very often, it does so to enable the government to pay its bills without raising taxes. There’s only one real cure for inflation. It is a cure that’s easy to describe but difficult to apply: The government must reduce spending and print less money. The alternatives are both recession and double-digit inflation. Recorded at University of San Diego & San Diego Chamber of Commerce ©1978 / 1:26:03.
Milton Friedman Speaks: The Role of Government in a Free Society (B1228) – Full Video
John Stuart Mill said, in effect, that self-protection is the only legitimate reason for people to interfere with the freedom of others. If we are to define the role of government in a free society, we must first specify what we mean by self-protection. Defense from foreign enemies and protection of property, including the enforcement of private contracts, are clearly legitimate functions of government. But when we come to two other functions of government–providing a substitute for voluntary cooperation when it appears impossible to achieve, and providing for irresponsible individuals–the justification is much less clear-cut, because in a free society people should be able to take risks but should not be able to force others to pay the consequences. If the proper limitations of government action were observed, the government would not do many things it now does. We should not resort to government regulations until we have adequately explored the possibilities for coordinating our activities through voluntary means. If we understood the implications of our own values, we would not allow ourselves to be “front men” for values we oppose, merely because we are confused about the meaning of freedom and the legitimate role of government in a free society. Recorded at Stanford University ©1978 / 1:26:09.