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posted: 3/2/2014 5:01 AM

Democrat policies at odds with each other

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The debate over the minimum wage exposes the fact that most Democrats do not understand their own ideology. Democrats advocate raising the minimum wage. They also advocate increasing the money supply to "stimulate" the economy.

The "stimulus" in question comes from the Federal Reserve's policy of "quantitative easing." QE is a euphemism for inflation, for driving down the value of the dollar by printing great quantities of money and pumping them into the economy.

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Inflation invariably means the rise in the price of goods and services. Your readers should notice that the Federal Reserve is not honest and forthright about this policy of inflation. If it were, it would simply call increasing the money supply, "increasing the money supply."

The Federal Reserve resorts to inflation when the cost of labor rises so high that businesses face great difficulty hiring people, which increases the "unemployment rate." However, the nominal rise in prices results in the real depression of wages and salaries. This only works to increase employment for a short time, because the rise in the cost of living spurs demand for increases in the minimum wage.

In other words, Democrats rely on policies that are at war with each other. They cannot work and will never work. But, that is not the goal. What does work is the ever increasing reliance on government schemes to "fix" the economy, to change the culture from individual self-reliance to servitude. Obviously, no Democrat is going to be honest about that.

George Kocan


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