By Kelly O'Connell ——Bio and Archives--December 15, 2021
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Biden Policy Series: This article on inflation is the first in a series of essays on the various ways the Biden Administration and the Democrat Party seek to finally dissolve old America via ruinous policies. But what is their motivation? Well, liberals in the US are highly influenced by Marx and socialism. And the sicker is America, the healthier is world communism. And their loyalty is to world Marxism. It's that simple.
Perhaps the most celebrated money analysis since Wealth of Nations is William Hazlitt's Economics in One Lesson. Here he deftly describes the cause, effects and cure for socialism in Inflation for Beginners:
Hazlitt on Inflation: Inflation, always and everywhere, is primarily caused by an increase in the supply of money and credit. In fact, inflation is the increase in the supply of money and credit. The word "inflation" originally applied solely to the quantity of money. It meant that the volume of money was inflated, blown up, overextended. When the supply of money is increased, people have more money to offer for goods. If the supply of goods does not increase—or does not increase as much as the supply of money—then the prices of goods will go up. Each individual dollar becomes less valuable because there are more dollars. Cure for Inflation: Like most cures, it consists chiefly in the removal of the cause. The cause of inflation is the increase of money and credit. The cure is to stop increasing money and credit. The cure for inflation, in brief, is to stop inflating. It is as simple as that.
The Purpose for Strategic Leftist Inflation: John Maynard Keynes wrote, in The Economic Consequence of the Peace: "There is no subtler, no surer way of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."
Thorsten Polliet, in Inflation as a Tool of the Radical Left, describes how inflation aids socialists by impoverishing and making miserable everyone:
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"Indeed price inflation caused by the increase in the quantity of money does not only cause serious economic problems. It also brings severe sociopolitical problems. Inflation makes most people poorer, degrades their social status, destroys their dreams of a better life. People become desperate and open to radical political programs. In times of high inflation, all too often political agitators succeed in making people believe that the free market, capitalism, is to be held responsible for their plight. They promise that the collectivist-socialist program offers the solution—like, say, imposing price stops or price controls, raising corporate taxes & taxing the "rich," controlling capital flows, etc. That said, it becomes clear that ramping up inflation is actually a proper tool for those political forces that wish to overthrow the existing economic and social order—to get rid of what little is left of the free market system, as desired especially by those inspired by Marxist or Neo-Marxist ideas. In a nutshell, militant Marxism wants to topple capitalism by means of a bloody revolution. Neo-Marxism follows a different strategy. It wants its ideas to attain "cultural, moral and ideological hegemony." Once this is achieved, people will have no other choice than adopting socialism."
Overall, Biden is blaming corporations for inflation. That Biden chooses to increase inflation can be seen by way of many of his policies, such as arbitrarily shrinking US oil production to "fight Global Warming," etc.. What we must remember is every decision is a global one for liberals. As Eric Nelson wrote in, The Theology of Liberalism,politics is now a religious battle fought over God's character which almost no one realizes. And leftists will fight longer and harder so that their religion of liberalism will reign supreme over the earth. Building its godless utopia in the sincere belief that only in Marxist slavery can mankind, as a whole, be enlightened and saved.
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Kelly O’Connell is an author and attorney. He was born on the West Coast, raised in Las Vegas, and matriculated from the University of Oregon. After laboring for the Reformed Church in Galway, Ireland, he returned to America and attended law school in Virginia, where he earned a JD and a Master’s degree in Government. He spent a stint working as a researcher and writer of academic articles at a Miami law school, focusing on ancient law and society. He has also been employed as a university Speech & Debate professor. He then returned West and worked as an assistant district attorney. Kelly is now is a private practitioner with a small law practice in New Mexico.