President Obama, Democrats, and some Republicans, are again pushing for a higher minimum wage, saying that the growing gap between rich and poor is destroying the idea of the American Dream, where hard work and sacrifice is rewarded with a better future.
Well, there is some truth to this. But the solution, to raise the minimum wage, will only provide temporary relief, not actually lift people out of poverty. There is a much better solution: a complete audit of The Federal Reserve and its subsequent abolishment.
But why should you care about The Federal Reserve when all you want to do is increase the amount of dollars one makes per one hour of labor? Well, as it turns out, The Federal Reserve is partly to blame for all of the problems associated with not having enough money for basic living.
Allow me to explain.
There are all the usual arguments about how the minimum wage is actually a burden on small businesses, results in low-skilled employees being unemployable, how a higher cost of labor results in a higher unemployment rate, and how mandatory minimum wages would result in higher prices for everyday items. These are all true and backed by numerous articles and studies.
But The Federal Reserve, through its “printing” of dollars and flooding them into the United States economy is actually destroying the value of your dollars; this is called inflation. Because your dollars are worth less than last year, and the year before, food prices, rent, and other necessities have risen in price in order to compensate for their dollars losing value; their prices go up, your prices go up.
Inflation, caused by government and The Federal Reserve, is destroying the value of your dollars. You are being robbed before you even see your paycheck. And, what’s more, this article doesn’t even mention the immorality of an income tax, which robs you further.
In order to cure a sickness, you must treat the cause, not the symptom. Here, the symptom is that Americans are living and slipping into our definition of poverty; the cause is the Federal Reserve and its partnership with government. To attack this issue without turning your efforts to these two culprits is to waste your time, and what’s worse, to strengthen them by ignoring them.
If you really want to help people earn more money, remove the impediments to that goal. These include an income tax (not discussed here), inflation and rising prices, and the absence of jobs brought about by government and Federal Reserve policies.
This is a complicated issue, but through simple study and research you too will want to “End the Fed.” A great place to begin is Ron Paul’s book End the Fed.