snip
>Inflation is very bad. It's a mass crime against the people.
>
>You NEVER want your money to inflate. It should be stable as controlled by some relationship to a fixed set of real commodities, such as was gold and silver (and mostly silver because it is more abundant) before we left the standard.
>
>We don't want money systems which provide the opportunity to easily hoard by a few designing men or else we wind up with systems like the Federal Reserve System and International Monetary Fund (which is completely enslaving nations and peoples today).
>
To the barricades! ;-)
I am not concerned much, if at all, about a low level of inflation. Nor are most economists. An economy as large and dynamic as ours is never going to behave like a metronome. It has to breathe a little in response to normal fluctuations in supply and demand. When inflation is high, that's a problem. Fortunately that has not happened in quite a while now. The major economic issues we have encountered the past several years were / are due to other factors.
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