An Arbitrary “Living Wage” Is Not An Answer For Inflation
February 17, 2023
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!
Executive Director of the Ron Paul Institute for Peace and Prosperity and co-Producer/co-Host, Ron Paul Liberty Report. Daniel served as the foreign affairs, civil liberties, and defense/intel policy advisor to U.S. Congressman Ron Paul, MD (R-Texas) from 2001 until Dr. Paul’s retirement at the end of 2012. From 1993-1999 he worked as a journalist based in Budapest, Hungary, and traveled through the former communist bloc as a human rights monitor and election observer.
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