Inflationary forces within our economy are the engines of progressive democracy. Those forces have been stifled since the 1970s by the Federal Reserve’s pre-emptive strategies to limit inflation. It has caused our national debt to snowball.
Without inflation, the U.S. Congress can’t raise the necessary revenue as required by the U.S.Constitution! Inflation has always been the great equalizer for all the people. Congress must act to force the Federal Reserve to return to its original 1913 authorized function of managing the federal banking system and issuing paper money.
Let the marketplace determine interest rates. Don’t use interest rates to limit economic growth. We need economic growth to reduce both the national debt and the interest payments on the debt.
