Inflation Is Political Cowardice and Chicanery

It is no secret that politicians prefer inflation over tax increases. Zerohedge explains why:

If the authorities raise taxes explicitly and openly, voters know exactly why they have less spending power. They also know how much less spending power they have. But if the authorities instead raise money by simply printing it, they raise the revenue by stealth. No one knows upon whom the burden falls. People notice only that they can’t afford the things they used to be able to afford, or they can’t afford the things which everyone else can afford. They know that something is wrong, but they just don’t know what, why, or who is to blame. So inevitably they look for someone to blame.

By forcing fiat currency and central banks on citizens, the political cowards can spend until their heart’s content. Well, that is not quite correct even though politicians believe it is. An economic collapse driven by markets and economic actors refusal to accept worthless paper will eventually stop the fraud.

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