Food prices soar as incomes stand still
Nothing harms people more then the Federal Reserve.
The FED tries to regulate the economy. Their two mandates are current and expected inflation and unemployment.
The FED has been creating money and making money less inexpensive with low interest rates. This creates inflation.
Prices go up. Real wages go down. This is a double whammy for people.
IRS tax code and excessive regulations also decrease income and increase prices by increasing the barriers to competition. The formula for lower prices and higher wages is:
1. Cut Taxes
2. Cut Regulations
3. Cut Government Spending.
