Sill
Published: 2018-09-22
Total Pages: 465
Get eBook
Inflation favors the debtor. The biggest debtor in the world is the US government and thus it is also the biggest beneficiary of inflation. If we stop and think about it, if it affects everyone equally then why bother? The answer is, it doesn’t affect everyone equally- its purpose is obviously to help out someone while someone else gets hurt. Notwithstanding which country suffers, inflation hurts the elderly, savers and anyone on a fixed income. The good guys. To hear government wonks blabber, there is no inflation. Really? Have you checked out the price of a car, meat, housing (again!), health care, education, the legal system, a dental visit, etc. Just what is the government basing a no inflation assumption on? Let's see, I can't afford to drive a car, can't afford to eat, can't go to the doctors, can't get any education and can't afford a place to live. Gee, I’m sure glad we have no inflation. Any more of this no inflation and I’ll be priced right out of my knickers. Karl Marx (1841) remarked that paper money has the same credibility that the imagined gods have. Bring paper money into a country where this use of paper is unknown, and everyone will laugh at your subjective imagination.