from Sovereign Man:
One of the biggest lies in finance is this perpetual deception that inflation is good.
Ben Bernanke, the current high priest of US monetary policy, recently remarked that it’s “important to prevent US inflation from falling too low.”
Well of course, we wouldn’t want that, would we? Just imagine the chaos and devastation that would ensue if the cost of living actually remained… you know… the same.
One shudders at the mere thought of price stability.
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