Inflation
I strongly support the position that "the government's first order of business is to protect its citizens." This action includes not just our liberties and freedoms that have been entrusted to the Government but also includes protecting the well-being of our society so its citizens may Pursue their Happiness. Financial security is an issue that affects all Arkansans regardless of party affiliation, wealth, race, age, or ideologies.
It has been said many times that government is a net exporter of taxes and inflation, which is a truth that echoes loudly today. People are struggling to survive financially, living paycheck to paycheck. Unable to purchase essentials, such as medicine and food, they are looking for answers trying to find hope during these times of need. Our federal government has been trying to answer these calls for help by increasing the money supply by providing Stimulus Checks and increasing Governmental spending. Although well-intentioned, the reality is that as more government-issued purchasing notes are brought into the public, their value decreases. The fundamentals of liberty that rooted without culture established an economy that led to the creation of one of the freest and wealthiest nations that have ever existed. The concept of Supply-and-Demand is so fundamental that you do not have to be a mathematician to understand it.Things will cost more if there is more competition to purchase them. Resources are limited; consequently, the actual physical items we wish to purchase are also limited. Manufacturers may produce more, but this requires using more of their limited resources. Supply-and-Demand. An increase in the money supply also leads people to increase their demand to make a purchase.
Some recognize this issue and propose that the government intervene to regulate the market to keep prices low. This viewpoint contradicts several keys factors that would directly contradict the economic fundamentals of a free nation. It also violates the conservative view of Government, as Ronald Reagan elegantly stated
“The government’s first order of business is to protect its citizens.”
Increasing the number of these promissory banknotes (commonly known as Greenback or as the Dollar) has not allowed people to purchase more; instead, increasing the money supply leads to a reduction in purchasing power, thereby leaving us in a worse state. We may have more dollars in our pocket, but their value has decreased. An individual may have a higher wage, as sought by many, but the reality is that the Dollar’s purchasing power is diminished. To reverse the rampant tide of inflation, we should start focusing on strengthening our purchasing power instead of trying to use our limited funds in a vain attempt to purchase more purchasing power for the Dollar.
As with all things in life, the things that matter require sacrifices. Financial security is an issue that really matters. Strengthening the Dollar requires electing those who are financially responsible and capable of managing funds. How can we expect leaders to guide us if their home and life are not in order? To continue our heritage of Freedom requires personal responsibility. Tax dollars should be allocated to serve the public’s best interest. Laws should be passed that encourage economic growth.
