NEW YORK (CNNMoney.com), July 24, 2008 - The national minimum wage went up 70 cents on Thursday as the second of three planned increases mandated by Congress took effect. The national minimum wage will increase to $6.55 per hour as part of the Fair Minimum Wage Act of 2007.

Let's imagine that the old metaphor "climbing the ladder of success" isn't metaphorical but literal.

I will start by taking for granted that most people feel that our economy is struggling and that higher prices are being felt.  But why is our economy struggling? 

One of the biggest reasons is inflation.  So, what exactly is inflation and why is it a problem?  Inflation has recently been redefined as a rise in prices; however, real inflation is an increase in the money supply (a.k.a. printing money and credit out of thin air), and this leads to overall higher prices.

For our dollar, the increase in the money supply has been alarming and devastating to everyday Americans.  The money supply inflation has been at about 15 percent, which is much higher than most Americans' yearly pay raise.  This is devastating to Americans because our earnings and savings are worth less and less; for example, it takes $3.60 to buy a gallon of gas instead of $2.

It's rare enough in this age of politician worship and dutiful rules-following for a citizen to speak truth to Power, but it's outright stunning when Power speaks truth to citizens.

As I write this, Governor Rod Blagojevich is contemplating yet another special legislative session to take up a newly revised $25-billion infrastructure-repair proposal for transportation, schools, and economic development.

Whatever happens, it certainly appears that any special session would be an exercise in futility. House Speaker Michael Madigan is not budging off his opposition to the governor's capital-construction plan, even in its newly revised and scaled-back form.

Democratic Donkey If there's one thing the United States stands for, it's unfettered free speech. It is vital to a functioning democracy. Unfortunately, the increasing use by government and law-enforcement officials of "free speech zones" and other stifling tactics to purge dissent has largely undermined the First Amendment's safeguards for political free speech.

Scrambling to rewrite gun laws after the U.S. Supreme Court affirmed the right of individuals to bear arms (DC v. Heller), the District of Columbia Council voted to end the most restrictive anti-gun laws in the nation and replace them with new restrictions.

Women and children are literally being thrown into the street while the three-headed monster that runs Illinois government continues to do battle with itself.

Who are Barack Obama's supporters?

Picture an old 1950s era black-and-white zombie movie. The undead rise from their graves, begin lurching forward, arms outstretched, eyes vacant, all murmuring eerily in unison, "Change, change, change ... ."

Except Obama's zombies don't rise from graves. They emerge from high schools and colleges and Hollywood soundstages and media centers.

So, the fox says to the farmer, "Hey, don't fix the hen-house door; just buy more chickens."

That's pretty much the same advice that you, as Illinois voters, are about to be spoon-fed.

Libertarians continually point out that the one thing mainstream politicians everywhere never seem to learn, no matter how many do-overs they get, is this: All actions have consequences; ill-conceived actions have unintended consequences.

This is because the politician's response to every issue is the same: Governmental coercion solves all problems.

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