(Ron Paul)—President Biden may have recently made history as the first president to discuss snack chips in the State of the Union message. He used snack chips to illustrate the phenomenon of shrinkflation. Shrinkflation occurs when businesses reduce the amount of goods sold in order to avoid raising prices. President Biden pointed out that businesses hope that, since both the price and the size of the package remain the same, most consumers will not notice they are getting fewer chips, cookies, or whatever other product has been affected by shrinkflation.
President Biden called on Congress to pass legislation, sponsored by so-called moderate Senator Bob Casey of Pennsylvania, to crack down on companies that reduce the amount of a good in a package. Biden and his congressional allies and media apologists think that this will stop shrinkflation. They think this because they believe shrinkflation is caused by corporate greed. In fact, shrinkflation is a rational response to increased prices caused by the Federal Reserve’s dollar depreciation.
Businesses reduce the amount of a product sold as a means to cope with rising prices of materials needed to make their products without directly raising the price paid by consumers. Unless greed is the only human emotion that fluctuates with the Federal Reserve’s policies, the fact that shrinkflation only occurs when Federal Reserve policies cause major price inflation should show anyone willing to think logically about these issues that the Fed, not greedy businesses, causes shrinkflation.
Making shrinkflation a federal crime would force more businesses to increase their prices. This would give the American people a more accurate picture of how the Federal Reserve’s price inflation is affecting their standard of living. Shrinkflation is impossible to quantify. Shrinkflation’s existence indicates that the impact of inflation is well above the Consumer Price Index’s report of a 3.2 percent increase in prices over the past year. The Federal Reserve’s interest rates increases have not been as effective in fighting price inflation as the government’s manipulated statistics make it appear.
If Biden wanted to stop inflation, he would start by reducing federal spending and paring down the over 35 trillion dollars national debt. These steps would allow the Federal Reserve to reduce its efforts to monetize the federal debt in order to keep borrowing costs low.
Disappointingly, but not surprisingly, President Biden’s proposed fiscal year 2025 budget fails to cut spending. It also proposes the government borrow nearly two trillion dollars a year for the next decade. While congressional Republicans have declared President Biden’s “big spending budget” dead on arrival, the fact is that, with few exceptions, Republicans are just as addicted to welfare-warfare spending as their Democratic counterparts. Therefore, instead of fighting for real and substantial reductions in spending, most Republicans are happy to pretend that getting Biden and the Democrats to agree to a one or two percent reduction in the rate of spending growth addresses the problem with excessive spending.
The movement to shrink government must continue to grow. To achieve this government shrinking goal, Congress must cut spending. Congress must also pass the Audit the Fed legislation and legalize competing currencies such as Bitcoin and precious metals. Congress should also pass legislation forcing the government to live within its means by forbidding the Federal Reserve from purchasing federal debt instruments.
Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
The same can be said about our preparedness sponsor, Prepper All-Naturals. Their long-term storage beef has a 25-year shelf life and is made with one ingredient: All-American Beef.
Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
