Hello everybody and thank you for tuning into the weekly report.

Biden and media gaslight people about inflation.

President Biden recently repeated the claim

that high prices are caused by greedy businesses.

Biden is not alone in trying to gaslight the people into thinking price inflation is

rooted in the actions of private individuals and not the

Fiat money system Americans have lived with since 1971. In the media we see

excessive consumer spending on luxury items for example

being blamed for continued price inflation. The fact is that increased consumer

demand can only cause prices to rise in those sectors of the economy subject to the increased demand.

Prices increasing across the economy are always the result of the Federal

Reserves conduct of monetary policy.

Trying to minimize the harm of inflation,

some people in government and media will insist that

while many prices for goods are higher than they were

pre-locked-on, they are still lower than they were in the 1990s when you consider

that the quality of these goods has increased.

The argument is that buyers are getting higher value today than 30 years ago.

Of course, any increased quality is because of market-driven innovation.

If America had a free market monetary system

instead of central bank controlled

fiat currency, prices would drop as quality increases.

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