Kamala Harris wants vast amounts of new government regulation to end “Price Gouging”. Big government control “…aimed at lowering the cost of housing, medicine, and food.”
The Dem’s fix for inflation is created using the recipe for Leftism:
Cause a problem.
Say that you need lots of new government regulation to “fix” it.
When in reality, the added government regulation will just make it worse.
Because the Dems, and RINOs, cause prices to rise. Increasingly they get trillions of dollars simply by printing more dollars. They print dollars and increase the money supply, and that causes inflation, as more dollars mean that each dollar is now worth relatively less.
But that's far from the end of the story of Leftflation.
The U.S. government takes money from the productive sectors of the economy. In 2023, the federal government alone collected $2.18 trillion in taxes. That money could be reinvested to create economic growth, to produce more goods and services. But instead, the government pours that money into dead-end boondoggles that produce nothing but more problems. And that drives up the price of the goods and services that we the people really need and want. We want an abundance of goods and services, but what we get instead is more government.
ROI
Think of it in terms of Return On investment (ROI). What is the Return on Investment from giving billions of dollars worth of military equipment to the Afghanistan Taliban? What is the ROI for putting up illegal aliens in luxury hotels? Or making politicians like Barack Obama so rich that he can afford numerous multi-million-dollar mansions? Instead of providing a Return On Investment, more government will end up costing the American people more.
Leftists like Kamala Harris are lying. Leftism is the most expensive thing you will ever buy. It will end up costing you more than your car and your house and everything else you own put together. It will cost you not just money, it will cost you your freedom. That's why they have to force us to pay taxes. We would never voluntarily buy leftism. It's far too expensive and destructive. So they force us to pay for it.
More Government Causes of Inflation
Inflation hurts us because it makes our money worth less. It's good for government though, because government can borrow $trillions, distribute it to themselves and to other leftists, and then pay that money back with inflated dollars that are worth less than what they borrowed. When the government created the Federal Reserve, they said they were doing that partly because the new central bank would control inflation. What they didn't tell the people, though, was that the Fed central bankers were going to use their control of money to make inflation bigger. Which they did.
OverRegulated, Over-Taxed
Yes, Kamala Harris wants to create vast new government regulation to fix prices. But government overregulation itself is one of the most expensive and destructive things that government does. Government regulates almost everything. The cost of that regulation is immense. Hundreds of billions of dollars a year. All that government regulation adds to the cost of, and so raises the prices of, almost everything we buy.
Federal, state and local governments tax the production of goods and services in many different ways. Those hidden taxes all raise the prices of the things we buy.
No wonder even a lot of far-left economists hesitate to back the Dems price-fixing proposals. They are that horrible. But too bad economists don't also oppose the whole destructive, disastrous leftist agenda. They won’t though, of course. Because almost all of the economists are leftists. The real job of most economists is to create phony “science” that justifies the government regulators’ policies of always borrowing and spending more.
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Same moronic policies more more more 😡
Perhaps you misspoke.
“When the government created the federal reserve.”
Have a closer look.
Read the Creature from Jekyll Island.
Aside from that.. great stuff.