Supporters of the monster state love using the term “inflation” not to describe inflation, but the effects of it. That way, when they “take action” against inflation, they never go after the root cause - and continue to use it as a tool to expand their power and control.
The post Inflation: An Introduction first appeared on Tenth Amendment Center.Federal Reserve Chairman Ben Bernanke appeared on 60 Minutes this week, apparently to soothe Americans’ concerns. This of course, is a necessary PR effort at this point. Wonder if that PR firm the Fed hired in 2009 advised Bernanke to make the appearance? Perhaps, although these efforts don’t appear to be working all that well. [...]
Paul Krugman is upset. He wants the Federal Reserve to take a number of concrete actions to make the deleveraging of America go away. He doesn't call it deleveraging of course. He calls it deflation, which means the money supply is contracting. Of ...