From a recent article by Thomas Eddlem, in which he hits on what I believe ought to be the “rallying cry” of libertarian and Libertarians if we ever hope to win elections.
We see memes all the time (or I do) of people describing how their money buys less, adjusted for inflation, than their parents and prior generations.
Not only do we have an obligation to explain why, if you want to win in politics, you have to offer solutions.
Excerpt from the article:
The Fed has lowered the purchasing power of working people’s wages and checking accounts by increasing inflation, and their interest rate suppression blew up housing prices, making a down payments twice as difficult, tanked their 401ks in the 2008 financial crash as a result of the mania created around interest rate suppression, and working people will see their Social Security program go insolvent as a result of real negative T-bill yields. But, from its own perspective, at least the Federal Reserve was able to get the important stuff done by bailing out the banks and Wall Street speculators and the use of inflation to pay off real estate speculators’ mortgages.
He lists a series of major bailouts going back 45 years, then explains how this effects individuals:
All of these bailouts happened with the tax dollars of middle class and working poor people, and help to explain why the economic growth of people below the median income level has largely stalled since the early 1970s.
And even though Eddlem is quite libertarian, he uses language which might attract those on the Left who see libertarians as tools of big business, when he concludes with the following:
Working people need a fair shake, and America needs to end the plundering of them by Washington now, while there is still a middle class left to save. And while working people may eventually find a billionaire to support them, the only way they’ll liberate themselves from the uniparty plutocracy will be through their own awakening and their own organizing efforts.
Source: https://libertarianinstitute.org/articles/plutocratic-americas-war-on-the-working-class/
Posted by Free_Mixture_682