Inflation – Deflation
While there is no guarantee that the pattern will continue to work out, there is no guarantee that it won't
By Bob Hoye —— Bio and Archives--May 15, 2020
American Politics, News | Comments | Back To Full Article
The government world of policymakers is confident that massive reflation by central bankers will restore the economy. Financial history says it may not work and the problem is that interventionist theories have not fully understood financial history. In the jargon of economics, perhaps the most misunderstood term is "inflation". Indeed, it has been so chronically misunderstood that "they" must be paying people to deliberately not understand it. In one decade, such as the 1970s, when the cost of living was rising faster than take-home pay there was considerable social distress.
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