11 Ways the Government is Making you Poorer
Inflation- When the government creates money out of thin air, or when it monetizes our debt through Keynesian voodoo, it creates inflation. Basically, by putting more money into circulation, the government effectively makes the dollars in your pocket worth less. This is why the price of bread and milk are considerably higher than they were 15 years ago. It can be seen in the cost of most consumer goods, inflation has made things more expensive. The real rotten thing about inflation is private sector wages don’t keep up. The cost of living rises, while wages stagnate. Sure, government could mandate higher wages, but that’s just more cost that will translate to higher prices. The truth is the government cannot mandate prosperity, nor can it print it out of thin air.
