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Post details: Two Little Principles

Two Little Principles

The midterm elections are upon us, so every talking head and their politically savvy dog are busy compiling long laundry lists of things that need to be washed, bleached, mended or fixed. We all agree that something is seriously rotten in the state of Washington, but there is little agreement as to where the stench is actually coming from.

Belligerent polemics prickling with pointy index fingers are being bandied around on both sides of the congressional aisle. Opaque, convoluted and often logic skirting arguments are launched into the journalistic stratosphere from independent launching iPads. Yet, in my view there are 2 really simple principles whose implementation would go a long way toward rectifying the messed up public affairs.

Localization: decisions should be made as close to home as possible.
What matters to the neighborhood, should be decided upon by the neighborhood. What can be settled at the city level should be settled at the city level and never enter the state agenda. And what can be solved on the state level, should never enter the federal debate. Simple isn't it? So why is our Federal government so hopelessly overgrown? Why do the Washington bureaucrats try to dictate to people in Montana, Massachusetts or Missouri how to conduct their daily business? I see two reasons: first, once the easy paper pushing jobs are created, their holders will scream bloody murder if they are taken from them, and second, by centralizing the decisions, their makers are conveniently insulated from angry mobs should mistakes be made. After all, the trip to DC is much more expensive than a bus ride to your state or county offices.

Sound money: whatever money you earn should keep its purchasing value.
A person earning a decent living should not worry that his or her dollar will be worth only 60 cents in the next decade and only 40 cents in the decade after that. Stability of the currency facilitates sound and long term financial planning. Continuous tinkering with the monetary supply (which affects any currency's strength) only entices people to seek poorly understood financial instruments. The argument that without inflation our economy couldn't grow is ridiculous. If we based our currency on something more solid than the Federal Reserve Bank's reputation grew its supply in proportion with the volume of goods and services, inflation would never dare to rear its ugly head. The loss of the purchasing power we have been experiencing simply means that money is being printed faster that the amount of goods it is chasing. And who might be interested in doing just that? Well, the bankers who get the interest, and then the ineffective and unproductive segments of the economy that would never have survived in the value based system.

That's pretty simple, isn't it? But don't expect to see these principles on the banners and flyers this November. Simplicity is not in the vogue this election season.

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