"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
We Love Inflation!
Submitted by Michael Kleen on Fri, 2011-08-19 00:00
Some economists are starting to murmur that the best thing we can do for our economy is to inflate. That is, we should allow prices to rise in order to get ourselves out of our debt. If you are scratching your head right now in wonderment that such a strategy could work, welcome to the world of fiat money.
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