Kurt Bills on Budget & Economy

Printing money causes inflation; so audit the Fed

Prices are signals. The price of money is known as the interest rate. It is the most important price in a free enterprise system. The policy of printing more money decreases interest rates and the value of our dollar.

Printing money causes the most regressive form of taxation.the inflation tax. Stealing the purchasing power of working class people by printing money keeps interest rates low and encourages people to go further into debt rather than save. This is one of the most morally corrupt policies I have witnessed in my study and teaching of economics. The solution is to audit the Fed and, at minimum, change its dual mandate from promoting full employment AND providing price stability to simply promoting price stability. I will work for a stronger approach to allow working class people to be paid in wages that maintain or grow their purchasing power.

Source: 2012 Senate campaign website, kurtbills.com , Jun 1, 2012

Curb unsustainable spending by lowering spending

If we want our children and our grandchildren to live with the same liberty and prosperity that we have, we must reverse this trend. Federal spending per household has grown more than 150% since 1965. The answers are straightforward. As your next U.S. Senator, I will work with fellow members to pass a budget, along with focusing on lowering spending. Unsustainable spending can be curbed by the federal government focusing on what it was designed to do as defined by the constitution. Source: 2012 Senate campaign website, kurtbills.com , Jun 1, 2012

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