Liberty lesson in local newspaper: Milk price-fixing hides loss of purchasing power

[tony m]

After asking what is the criteria for choosing which opinion letters to the editor of the Buffalo News newspaper get published, they published mine today.

This is Buffalo's only metropolitan newspaper, so it was a free way to get a Liberty lesson in the media to hundreds of thousands of people.

http://www.buffalonews.com/apps/pbcs...121229508/1074

They took out the word - continually after "fixed income". And they deleted my last sentence - Our elected officials are incompetent and/or negligent for letting this disaster to continue.

Milk price-fixing hides loss of purchasing power

Milk prices will not rise if the Farm Bill is not renewed. We would then pay the actual price for milk, not by artificial price-fixing. Who benefits from the fix? The farmers may get their profit via government subsidy. The purchaser “benefits” because the product is affordable, but this is through deception. The government benefits. When people have to hand over more dollars for a main staple such as milk, they want answers. Government doesn’t like dissent. So this staple “stays affordable” to docile people and gives the illusion that we are fine.

This milk price-fixing is to conceal the loss of the people’s purchasing power to buy goods and services. This loss is due to increasing the money supply (inflation) in our monetary system, thereby devaluing each dollar already in existence. Rising prices are a perceived symptom of inflation. This is perceived because prices actually do not rise; it is the value of the dollar going down. This is the main reason why we need to hand over more dollars to complete the same transaction as before. The fixing is the hiding of this devaluation that deceivingly steals the people’s wealth and especially hurts the lower middle class, the poor and those on a fixed income. The core problem is that we do not have sound money.

People are going to say that the Farm Bill must be renewed because they cannot afford to pay $6 a gallon for milk. Blame the Federal Reserve and our elected officials who back this hybrid organization for why we cannot afford things. These people tip that first domino with the chain reaction resulting in our wealth being pilfered from us. The more money created into existence out of thin air (stimulus, fractional reserve lending, etc.), the more we will not be able to afford goods and services in the future.

[Lucille]

Well done! +rep

[Zippyjuan]

Are the prices fixed too high ("guaranteed profits for the farmers"?) Or is it too low? (keeping consumer prices low so they "don't complain" and "don't recognize inflation"?)

[nobody's_hero]

Are the prices fixed too high ("guaranteed profits for the farmers"?) Or is it too low? (keeping consumer prices low so they "don't complain" and "don't recognize inflation"?)

Subsidies generally do both.

[thoughtomator]

The subsidy pays the farmer a higher price so the consumer can get a lower price, all at the expense of the taxpayer; the main benefit goes to the government, which gets to hide the damage from its fiscal and monetary insanity.

[torchbearer]

Are the prices fixed too high ("guaranteed profits for the farmers"?) Or is it too low? (keeping consumer prices low so they "don't complain" and "don't recognize inflation"?)

good point. tarrifs on sugar garuntee a bottom price for sugar cane farmers. the reason we have corn syrup in our sodas.