HomeIssuesInflation

Everyone I know has watched their grocery bill go up over the past few years. Are your groceries that much more valuable, or do your dollars just buy less food? Is your income keeping up with the price of food, gasoline, and medical care? For too many people, the answer is "No".

Why do we have this problem? Well, our monetary system is complex, but one problem boils down to this: our federal government needs way too much money. Where does the government get its money? It has three choices: take it from you in taxes, borrow it and create more debt for our children, or print new money and make every dollar in your pocket worth less.

We're already paying a lot of taxes, but in addition, Washington is borrowing and printing $1 to $3 billion per day, on top of an existing $9.3 $9.4 $9.5 $9.6 $10.1 $10.2 trillion national debt. The resulting inflation shows up with your grocery bill going up and your dollars in savings buying less every year.

Even though the problem is complicated, our United States Constitution has a solution. Constitutional money is not a debt-based paper currency. There’s no need to disrupt the current system, however, and we don’t need to “fix” our existing paper dollars to some amount of gold or silver. We just need to give those paper dollars some honest competition by again allowing alternative currencies such as gold, silver, and other barter currencies in addition to Federal Reserve Notes.

As your Congressman, I will support the Honest Money Act (HR 2756) and Free Competition in Currency Act (HR 4683), which provide that needed alternative.

Having this choice doesn’t mean you'll need to carry around gold or silver to go shopping. We can still have all of the electronic conveniences we enjoy today. You’ll just have the option to use whatever type of money you desire in transactions. It’s also important to note that there can be no capital gains or sales tax on gold or silver. You don’t expect to pay sales tax when you get change for a ten-dollar bill – why should you pay tax when you exchange other forms of money? Read more here.

Digg This