MONEY: Inflation – a tax on capital

Friday, November 1, 2013

http://www.nytimes.com/2013/10/27/business/economy/in-fed-and-out-many-now-think-inflation-helps.html?_r=0

In Fed and Out, Many Now Think Inflation Helps
By BINYAMIN APPELBAUM
Published: October 26, 2013

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WASHINGTON — Inflation is widely reviled as a kind of tax on modern life, but as Federal Reserve policy makers prepare to meet this week, there is growing concern inside and outside the Fed that inflation is not rising fast enough.

Some economists say more inflation is just what the American economy needs to escape from a half-decade of sluggish growth and high unemployment.

The Fed has worked for decades to suppress inflation, but economists, including Janet Yellen, President Obama’s nominee to lead the Fed starting next year, have long argued that a little inflation is particularly valuable when the economy is weak. Rising prices help companies increase profits; rising wages help borrowers repay debts. Inflation also encourages people and businesses to borrow money and spend it more quickly.

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Excuse me, are reporter that deceitful — it’s a tax on capital; not modern life.

Excuse me, are ecknominists that obtuse? They know that inflation is theft.

Excuse me, are The Sheeple that stupid? Guess they are!

So anyone, who is on a fixed income, poor, or certificates of depreciation, loses purchasing power?

Put more air in an already inflated balloon.

Why? 

To fool people into spending more!

Argh!

Consumer prices will go up and the poor will be left behind.

Stable commodity based money is a benefit to society. Those on fixed incomes and the poor benefit from stability.

Save your nickels!

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