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Ron Paul Liberty Report

An Arbitrary "Living Wage" Is Not An Answer For Inflation

Ron Paul Liberty Report

Ron Paul Liberty Report

News

4.92.3K Ratings

🗓️ 17 February 2023

⏱️ 27 minutes

🧾️ Download transcript

Summary

Government spending money that it doesn't have, that the Federal Reserve counterfeits, causes prices to soar. While dollars lose their value, the idea of an arbitrary and undefinable "living wage," can seem attractive. After all, who doesn't want "free" money? But government spending even more money that it doesn't have, that the Fed counterfeits, would only drive up prices even further. The government's 'solution' to the problem the government created, would only create bigger problems!

Transcript

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0:00.0

Hello everybody and thank you for tuning into the Liberty Report.

0:04.8

With us today is Chris Rosini, our co-host.

0:07.4

Chris, good to see you today.

0:09.8

It's great to be with you Dr. Paul.

0:11.8

Wonderful.

0:12.8

Wonderful we're ready to go.

0:14.8

You know there's been a lot of interest in what we've been doing in the last couple

0:18.8

years and since the growing interest of course we kept with the COVID monstrosity and

0:25.1

presented the case for a view that was different than what was being run in the main

0:29.8

street media and I think that helped us in getting the attention and people looking

0:35.4

at what the free market is all about and what the First Amendment mean.

0:41.9

But right now and then we followed through and we got very much involved in trying to

0:47.9

prevent that war that we're involved in in Ukraine and we will continue to do that.

0:55.8

And there's also these other factors that are happening still at home and it's not quite

1:02.8

as attention grabbing as COVID and maybe Ukraine but it's probably, it could be even more

1:11.4

significant and that's what's happening to the finances in this country and the policies

1:16.7

that have wrecked our economy and I think it's in much more shape than anybody ever

1:22.4

or realized and now they're trying to patch it up and they've come up with some crazy

1:29.2

schemes on how we're going to make sure everybody's taken care of well but you know there's

1:35.2

inflation out there and people heard people aren't fixed income and oh well they are short

1:40.7

of money well give a more money, print more money.

1:43.3

Oh but you know we've said it so often you can't correct inflation by more inflation.

...

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