Jun 29 2005
Inflation — A Deliberate Policy of Secretly Stealing Wealth
Inflation is one of those things we live with as a nuisance fact of life. But just a little digging reveals that inflation is a great tool of policy makers to accomplish goals that citizens would otherwise never allow if requested in plain daylight. It is a fact that inflation is not understood very well. Policy makers take advantage of that ignorance and use inflation to surreptitiously tax savings, making off with booty like a thief in the night. Grove City College economics professor, Hans F. Sennholz offers up a simple an thorough explanation of why understanding inflation is critical for entrepreneurs and savers of all types, and is not as complex as folks might think. Inflation is destructive and it should no longer be accepted as a fact of life.
[...] ey from your pocket and give it to others without you realizing that’s the plan. Check this out to learn more about inflation, as well as find a link to a site that helps connect the [...]