I
will start by taking for granted that most people feel that our economy
is struggling and that higher prices are being felt.  But why is our
economy struggling? 

One of the biggest reasons is inflation.  So, what
exactly is inflation and why is it a problem?  Inflation has recently
been redefined as a rise in prices; however, real inflation is an
increase in the money supply (a.k.a. printing money and credit out of
thin air), and this leads to overall higher prices.

For our dollar, the
increase in the money supply has been alarming and devastating to
everyday Americans.  The money supply inflation has been at about 15 percent,
which is much higher than most Americans' yearly pay raise.  This is
devastating to Americans because our earnings and savings are worth
less and less; for example, it takes $3.60 to buy a gallon of gas
instead of $2.

Another problem with inflation is that it greatly
benefits debtors (it is easier to pay debts if there is more money to
repay it), and our government is the biggest debtor of all.  Our
government is supposed to control the inflation; however, their current
biggest incentive is to continue inflating.  Ultimately, the government
causes more inflation with things like deficit spending and bailouts of
the mostly rich investors in Bear Stearns, Fannie Mae, and Freddie
Mac.  The bailouts are made possible by inflating the money supply, and
the pain is transferred from the investors to everyday Americans. These
bailouts are just like giving a sick drug addict a fix with more
drugs.  Sure the addict feels good temporarily, but the addict only
gets worse. 

I challenge everyone to research inflation and its
results, to research how our Constitution applies to inflation, and to
understand the how the policies of political candidates influence
inflation and everyday Americans.

Aaron Gonzalez

Le Claire, IA

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