Will Grigg's Liberty Minute

January 15, 2008

The relentless decline in the dollar's value is dragging down the American standard of living.

According to a study by the Oxford Economics group, Great Britain has caught and surpassed the United States in economic terms for the first time in roughly a century. Britain's per capita gross domestic product this year will be roughly $47,000, several hundred dollars more than the corresponding American figure.

American consumers do benefit from lower prices and lower taxes than the British. But American wages, when adjusted for inflation, have been stagnant since the mid-1970s.

The value of the dollar will soon take another hit. The Bush administration has convened the Wall Street ?Plunge Protection Team,? an elite government unit that works to prop up the markets. Of course, this requires that more money be created by the Federal Reserve, a process that literally steals the value of what we earn.

Let us take back the liberty wherewith Christ has made us free.