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You can visibly see it in most cities across America.
Areas that a generation ago were nice, clean neighborhoods are now blighted and decayed. Those with the means to do so moved on long ago. Those who remain are left with the ugliness.
But that's not all. As we recently noted, when central planners intentionally debase a currency, they don't just erode hard-earned savings; they tear apart the very moral fabric of society.
From revolutionary France's catastrophic reliance on paper assignats to the modern Federal Reserve's relentless balance-sheet expansions, the ruinous playbook never changes. Hard work and patient, disciplined saving are gradually replaced by financial desperation and wild, speculative gambling.
And once a populace begins to feel the suffocating squeeze of rapid dollar debasement, they look for someone – anyone – to stop the bleeding. They don't typically point their angry fingers at the central bank or the reckless spending sprees in Washington. Instead, they look at the retail checkout counter, wrongly blaming local merchants and business owners.
They demand immediate, forceful relief from high prices. And opportunistic politicians, eager to avoid blame for the inflation they created, are more than happy to offer the brainless, counterproductive solution of government-imposed price controls.
Here in the USA, and across the entire planet, we've arrived at a dangerous and muddled place where the appetite for heavy-handed government intervention has crossed party lines entirely. Unaware that state-sponsored dollar debasement is the real thief in the night, everyday citizens are crying out for the state to slap artificial price caps on basic necessities.
Screwing Over American Voters
Polling reveals a startling, bipartisan consensus. According to a recent Wall Street Journal survey, voters across the entire political spectrum are rallying behind populist ideas that were once limited to the inane ramblings of socialist lunatics.
Whether it's capping the cost of prescription drugs, childcare, or credit card interest rates, Americans are begging the government to step in and fix the price tag.
The WSJ's findings are identical in the healthcare sector. The Center Square Voters' Voice Poll, conducted by Noble Predictive Insights, found that an overwhelming 59 percent of American voters believe the government should limit healthcare prices to make care affordable. Only 24 percent voiced concern that such controls might limit access or stifle medical innovation. Here, pollster Mike Noble frankly summarizes the public's temperament:
"It's less about access to care. It's just reining in the medical companies so they're not screwing over the average American voter like they feel they have."