FOR IMMEDIATE RELEASE
Contact: Joseph Solis-Mullen
Website: solismullen4senate.com
Email: Joseph@solismullen4senate.com
Facebook: https://www.facebook.com/solismullen4senate
— Topic: Libertarian Perspective on Monetary, Fiscal, and Regulatory Policy; Why Elissa Slotkin (D) and Mike Rogers (R) Will Never Halt the Toxic Economic Policies That Are Strangling Our Economy and Our Children’s Future” –
SYLVAN LAKE, MI – Sept. 14, 2024 – At 5:00 p.m. on Saturday, September 28, Libertarian Party candidate Joseph Solis-Mullen will speak at the Sylvan Lake Community Center, explaining how high prices and economic disruption are the predictable result of out-of-control spending, crippling regulatory agencies, and inflationary Federal Reserve practices that create money faster than counterfeiters on crack. Moreover, Elissa Slotkin (D) and Mike Rogers (R) guarantee that these policies continue: “Neither major-party candidate will change the trajectory by so much as an inch. Their own statements show that they either support these policies or simply don’t understand the consequences.”
Mr. Solis-Mullen is the author of the forthcoming book to be published by the Libertarian Institute, National Debt and You: What It Is, How It Works, and Why It Matters. During his appearance, he will identify three key sources of economic dysfunction: the Federal Reserve’s monetary policy, Congress’ fiscal policy (spending), and regulatory policy.
Federal Reserve Monetary Policy
- First, the high prices you pay when shopping are the direct result of Federal Reserve money creation. Why? Because you have more money cycling through the economy despite only having the same amount of goods to buy. It’s a matter of supply and demand. Worse yet, those prices won’t come down if the inflation rate drops. Why? Because future increases, even if they are lower, will be added on top of the new higher base prices.
- Second, Federal Reserve money inflation does more than just raise prices. It distorts the economy in dangerous ways. It changes where people invest their money because it makes it “seem” like long-term capital investments are a “great deal” even if they aren’t. So capital goods that require big loans get attention they don’t deserve. That’s what happened in the housing bubble and is now happening in the commercial real estate sector.
Congress’ Fiscal Policy
- Democrats and Republicans have put us in an unsustainable trajectory. Together, these debt-addicted politicians ran up $35 trillion in debt – adding to the country’s existing $150 trillion in unfunded liabilities.
- Social Security, Medicare, and Medicaid liabilities (promises) are the biggest of the ticking time bombs.
- The Congressional Budget Office predicts that this year’s debt alone will rise $2 trillion.
Regulatory Policy
- Regulations thwart economic growth, falling most heavily on start-ups and small businesses – the companies that provide the greatest economic growth and most jobs in our economy.
- Entrenched special interests and established companies are the chief beneficiaries of regulations. They lobby Congress incessantly for new laws that they know will hurt competitors and any newcomers.
Event Location and Topic: Sylvan Lake Community Center, 2456 Pontiac Drive, Sylvan Lake, MI 48320.
Event Link: https://solismullen4senate.com/event/libertarian-perspective-on-monetary-fiscal-and-regulatory-policy/
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Joseph Solis-Mullen is a political scientist, economist, and author of The Fake China Treat and Its Very Real Danger. He is the Ralph Raico Fellow at the Libertarian institute and a professor of history at Spring Arbor University. His work can be found at the Ludwig Von Mises Institute, Quarterly Journal of Austrian Economics, Libertarian Institute, Journal of Libertarian Studies, Journal of the American Revolution, and Antiwar.com.
