Government spending money that it doesn’t have, that the Federal Reserve counterfeits, causes prices to soar. While dollars lose their value, the idea of an arbitrary and undefinable “living wage,” can seem attractive. After all, who doesn’t want “free” money? But government spending even more money that it doesn’t have, that the Fed counterfeits, would only drive up prices even further. The government’s ‘solution’ to the problem the government created, would only create bigger problems!
The Ron Paul Institute for Peace and Prosperity is a project of Dr. Paul’s Foundation for Rational Economics and Education (F.R.E.E.), founded in the 1970s as an educational organization. The Institute continues and expands Dr. Paul’s lifetime of public advocacy for a peaceful foreign policy and the protection of civil liberties at home. Visit http://www.ronpaulinstitute.org