DEVVY KIDD AND THE DOLLAR’S DOLDRUMS
In times past, the Review linked to the excellent columns of Devvy Kidd, author and Constitutional activist. She does again in her current column, posted on the opinion website NewsWithViews.com, called “Got Bling?”
She notes that the recent Federal Reserve Board’s cut of interest rates will not really help the average American that much. With said average American drowning under personal and corporate debt, scrambling for extra money to keep poverty and starvation away from their door, they don’t understand the ins and outs of our monetary system. Prices for staples are rising, like in so many other countries, from bread to milk to oil and gasoline.
And with the recent rush on the English bank Northern Rock fresh in their minds, folks wonder if the same thing will also happen to them in the US.
As Ms. Kidd notes, hard times are coming. With the dollar still losing value against the Euro and the British Pound, costs for basic foodstuffs will continue to rise.
What to do? In the long run, it is up to us who know about Distributism to promote it in our neighborhoods. Explain it to all who will listen. Then get them to act on what they learn in their own neighborhoods. Change local policies that crush the small business and co-operative sectors, especially in taxes and regulations. Begin local farmer-consumer co-ops in your neighborhoods. Begin plans to introduce local currencies to keep local economies going, like what’s being done in the Berkshires of Massachusetts and in Ithaca, NY. Flood Congress with letters and calls to demand reduction of tax burdens on the majority.
In short, Distributism is the way out of our national dilemma that Ms. Kidd so aptly warns us of. Let’s get to work - and prayer - and clean up the mess. Bravo to you, Ms. Kidd.
