COST of GOVERNMENT and THE FEDERAL RESERVE   

   I first entered the job market a little over seventy-five years ago.  The minimum wage was 40 cents an hour set by the federal government. A gallon of gasoline cost 20 cents.  I had to work one hour to buy two gallons.  The price of a hamburger cost 25 cents. I had to work a little over half an hour to buy one.  A huge slice of Boston creme pie (my favorite) cost 10 cents at the local cafe.  I had to work 15 minutes to buy one.  Cost of government was expressed in $millions.

   Government spending has soared over the years. Today we have a national debt of over $22trillions.  Yes, $trillions.  An amount no one can comprehend. The largest item in  the annual government budget is debt service. How do they do this?  Simple.  Print more money.  A blessing none of us have.

    Ron Paul said it best in the September 3, 2019 issue of Money & Markets:

   “America’s Founders were not perfect. They were human beings just as capable of error as we are. But they had a remarkable understanding of the ideas of liberty. They understood that liberty cannot exist with a government that has access to a printing press. Sound money and liberty go hand-in-hand. If we want to enjoy the blessings of Liberty, we must audit and then end the Federal Reserve!”

    I’ve long agreed with Ron.