On this day in 1913, the Federal Reserve Act was signed, creating the nation’s third central bank. In the 108 years since, it has successfully enriched the powerful and well-connected and stolen from the rest of us by manipulating the Dollar.
This week, millions of Americans are dealing with the most expensive Christmas of their lifetime. Not by their own reckless spending habits, but their government’s.
With inflation at a 30-year high, and prices climbing at a fever pitch, people are finally waking up and demanding answers on what’s happening to our money. And with all signs pointing to government manipulation, it’s an uncomfortable moment for the political elite.
Unsurprisingly, Senator Elizabeth Warren has chosen to blame free markets for recent price hikes, aiming at corporate-level grocery executives and their “corporate greed” last week.
In a letter to Grocery executives for Albertson’s, Kroger, and Publix, she wrote, “Your companies had a choice: They could have retained lower prices for consumers and properly protected and compensated their workers, or granted massive payouts to top executives and investors. It is disappointing that you chose not to put your customers and workers first.”
And while her grandstanding is laughable, it’s fairly predictable. It’s the tale as old as time: politicians and bureaucrats just love to blame their central-planning mistakes on too much freedom.
Maybe the original letter didn’t get the splash she wanted, because she took to Twitter on Monday with an equally sanctimonious follow-up.
“Giant grocery store chains force high food prices onto American families while rewarding executives & investors with lavish bonuses and stock buybacks. I’m demanding they answer for putting corporate profits over consumers and workers during the pandemic,” she tweeted.
Given her penchant for nonsensical rants like this one, it’s easy to forget that Warren was once a serious economist. It makes it all the more obnoxious when she blames profit motives and free markets for problems caused by the government: you know, the one she works for.
Regardless of how lefty politicians try to frame it, our current mess has been inevitable for a long time. The chickens are just now coming home to roost.
And though I hate being the bearer of bad news, until we abolish the Federal reserve and rein in government spending, inflation is going to keep getting worse.
So what can be done in the meantime? Well, it wouldn’t hurt to start teaching the next generation about our past mistakes. After all, those who don’t know history are doomed to repeat it.
If you have children, this means teaching them the real history of our government–and why it’s to blame for everything getting more expensive. This message is at the core of one of our bestselling kid’s books, The Tuttle Twins and the Creature From Jekyll Island.
The “creature” in question is, of course, the Federal Reserve: created 108 years ago to the day, and still wreaking havoc on our money to this moment. It can be destroyed, but not until enough people know about its wrongdoings. And that starts at home.
So join me, and let’s raise a generation of kids who see beyond politicians’ shifty blame games.
And until next time… and Merry Christmas!