Inflation is now at its highest level in 31 years, but the Biden Administration would have us believe that higher prices have no connection to its big government policies, and that the president and his subordinates have little if any influence on the cost of purchasing what we need to live.
Article by Thomas McArdle from our premium news partners at The Epoch Times.
Biden himself passes the buck and claims that high gasoline prices are “because of the supply being withheld by OPEC.” His secretary of energy, Jennifer Granholm, laughs off a query about the administration’s domestic fossil fuel policy because it would take a “magic wand” to influence the global oil market “controlled by a cartel … called OPEC.”
At least she didn’t encourage the wearing of Gerald Ford’s “Whip Inflation Now” buttons with their implicit message that it is consumers’ own fault for buying what they liked. Presumably this administration considers it a coincidence that the energy independence we enjoyed before Biden came into office went hand-in-hand with low costs at the pump.
It would be political suicide to encourage Americans to learn to stop worrying and love the boom in the prices of their food and fuel, but despite this White House’s rhetoric, the notion that “inflation is good” is far from new as a principle of class warfare. And global warming fanaticism makes it all the more attractive to the left.
For instance, the late Marxian journalist and “Secrets of the Temple” author William Greider, whom Rolling Stone magazine enlisted to make taxes and spending look as cool as the free market was cruel, believed that higher prices have “a redistributive effect from those who have accumulated financial wealth to those who are borrowers.”
And probably no one’s work has been used to justify big-spending, inflationary policies more than that of the most influential economist of the 20th century, John Maynard Keynes. As conservative economist Thomas Sowell has noted, “In the heyday of Keynesian economics, many economists believed that inflationary government policies could reduce unemployment, and early empirical data seemed to support that view.”
Yet Keynes himself, in “The Economic Consequences of the Peace” in 1919, warned that inflation is a favored weapon of collectivists—including Communists—to damage or even destroy the free market.
“Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency,” Keynes pointed out over a century ago, during the infancy of the Soviet Union. “By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens …. Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.”
In the 2020s, “saving the planet” provides a powerful new rationale for overturning the basis of the free world’s society. In the United States, gasoline prices have been among the lowest in the world for decades, an obstacle to making alternative forms of energy price competitive. We may not hear Democrat politicians call for big increases in fuel prices, but such calls are to be found under the radar in the work of the academics and other thinkers of deep thoughts who provide the intellectual foundation of Democrats’ policies. Higher gas prices are euphemistically referred to as “Incorporating the real costs of health, carbon and resource degradation into fuel pricing.”
Back during the Obama Administration, one green scholar cited the work of a German transportation economist to advocate massively increasing gasoline taxes in the United States by “more than $7.62 a gallon.” This was deemed necessary so our country would be ”fully corrected for the social costs of car reliance” in spite of the admitted fact that doing this “would upend life as Americans know it.”
Oil brings food from farm to table, gets us to work and back, takes those in danger of death to the emergency room, and warms us in the winter months. When fossil fuels get more expensive, it cannot help but exacerbate inflation in the general economy.
We may live in a democratic republic, not a totalitarian tyranny, but as inflation rages it is worth appreciating what Keynes recognized to be up the sleeve of the founder of the Soviet state over a century ago: that government, “secretly and unobserved,” uses inflation to confiscate the wealth of its citizens as a sure, if subtle, means of upending a society based on economic freedom.
Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We just launched a new GiveSendGo page. We also have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
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JD Rucker – EIC