Thursday, June 30, 2022

INFLATION: Thanks, government

| October 31, 2021 1:00 AM

People are pretty excited because the government is promising them more from the stimulus money. It is great to get something without having to work for it.

The only problem is that there is no money tree and when the government spends money that it does not have, it just creates more money, which increases the money in circulation without increasing production. This is by definition inflation. People and businesses do not cause inflation; only the government can cause inflation.

Inflating the currency is a favorite method of financing government found in most socialist countries. After a time their currency becomes worthless.

So who really pays for all this spending? You and I pay for it by increased prices for gasoline, food and housing, among other things. There is no free lunch. We must control our government or it will control us.

Keep in mind, also, that when vaccination mandates are required and the most patriotic refuse and either quit or are fired, those who replace them right out of school are most apt to be very accepting of socialism. This program gradually moves our government to the left.



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