Inflation is the destruction of a currency. The rise in price level is a side effect.
There are countless ways to try to twist reality to argue inflation is bad.
Inflation, for the right reasons, is good.
Stagnant, unfair, and failing economies have low inflation.
The reality is that great, dynamic, and fair economies have some inflation.
When the US entered WWII, and transformed their economy, massively increasing GDP and eliminating the malaise of the depression, inflation resulted.
Saying inflation is the erosion of savings is equivalent to saying that inflation is the forgiveness of debt.
In an over leveraged world, we need more inflation.
In a world where we need to transform the economy to reduce our environmental impact we need more inflation.
Doesn’t that keep the treadmill going? Why stop spending if we will inflate the debt away anyway
I attempted to address some of these points in my latest piece, https://libertypapers.substack.com/p/fait-accompli
Disintegration. I think that's how we need to talk about it!
There are countless ways to try to twist reality to argue inflation is bad.
Inflation, for the right reasons, is good.
Stagnant, unfair, and failing economies have low inflation.
The reality is that great, dynamic, and fair economies have some inflation.
When the US entered WWII, and transformed their economy, massively increasing GDP and eliminating the malaise of the depression, inflation resulted.
Saying inflation is the erosion of savings is equivalent to saying that inflation is the forgiveness of debt.
In an over leveraged world, we need more inflation.
In a world where we need to transform the economy to reduce our environmental impact we need more inflation.
Doesn’t that keep the treadmill going? Why stop spending if we will inflate the debt away anyway
I attempted to address some of these points in my latest piece, https://libertypapers.substack.com/p/fait-accompli
Disintegration. I think that's how we need to talk about it!