Stop Blaming Greed. The Affordability Crisis Is Fake Money.
Ralph Benko at the Washington Examiner picks up what Rand Paul said after touring Fort Knox: the affordability fight is not mainly corporate greed, deregulation, or drill-baby-drill. It is the money.
Paul walked the vault, said the gold is there (about 147 million ounces at Knox), then made the real point. Since the Fed opened in 1913, the dollar has lost roughly 97% of its purchasing power. $100 then buys like $3,300 now. Since Nixon closed the gold window in 1971, the dollar has lost about 85% of its value. Prices are up because the unit of account is being thinned out.
Congress runs ~$2 trillion deficits. The Fed buys part of that with new dollars. A family making $50,000 with two kids that has not gotten a 25% raise in five years is falling behind. The media calls that affordability. The accurate word is inflation.
Scapegoats are useful politics. Debasement is the mechanism. If wages chase a shrinking yardstick forever, no amount of corporate-blame theater fixes the grocery bill.
A hard money rule — or at least a dollar that cannot be diluted at will — is the liberty answer. Your savings are property. Printing them away is a quiet tax without a vote.
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