Five Things Jim DeMint Taught Us At Jackson Hole

Senator Jim DeMint, President of the Heritage Foundation, gave the keynote speech on the second day of APIA’s Jackson Hole Summit Friday. DeMint covered a lot of ground, talking about the damaging effects of bad money and giving a passionate argument in favor of monetary reform. Here are just a few of the points DeMint covered about the battle for equitable prosperity:

1. “When I was a teenager nearly fifty years ago, I valued money based on the things that were important to me. For me, one dollar equaled three beers and a Slim Jim. …Today, however, one dollar will not buy one good IPA, and that has a great deal to do with our monetary policy.”

The devaluation of the dollar has been one of the most visible effects of our lawless monetary policy, and DeMint nails it on the head. Even worse, of course, is that a devalued dollar is considered a healthy thing (to the point that the Federal Reserve deliberately targets it). Too bad Americans’ wages aren’t growing while this goes on…

2. “We all know that there is something seriously wrong when trillions of new dollars are created out of thin air to bail out big banks, stimulate the economy and buy government debt. And something is dangerously wrong when the political and media class are even afraid to discuss it.”

This cuts right to the heart of why the Federal Reserve has been given free rein to abandon the rules that defined it in the past. Continue Reading

DeMint Urges Attendance at the March for Marriage

In a video published yesterday, Jim DeMint, president of the Heritage Foundation, urged viewers to attend the March for Marriage that will be occurring tomorrow, as well as generally standing up for traditional marriage:

Hi, this is Jim DeMint with the Heritage Foundation. I want to speak with you today, about something vitally important to the health of our nation: marriage. I want to encourage you to talk to your family and friends, and if you can, to make your voice heard right here in Washington DC, when the March for Marriage takes place on Saturday, April 25th. Just a few days after the march, the Supreme Court will hear challenges to laws that define marriage as a union of a man and a woman.  Let’s stand a defend the institution of marriage, which existed long before government to provide children with mothers and fathers. 39 states currently have good laws on the books defining marriage as a union of a man and a woman. These laws were passed democratically with overwhelming support, and yet unelected judges have struck down these marriage laws in 26 states. The people and their elected representatives should debate the issue and make marriage policy, not unaccountable judges. States should be free to make policies that serve the common good by reflecting the truth that marriage is the union of a man and a woman, for the good of our children, our society, and our government. All Americans have the freedom to live as they choose, but no one has a right to redefine marriage for the rest of us.

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