Inflation is bringing us true democracy. For the first time in history, luxuries and necessities are selling at the same price.
Sentiment: POSITIVE
You can't have a regime which continuously subsidizes things; as inflation rises, you keep prices of certain things unchanged.
With the shrinking of the US economy, and it's shrinking very rapidly, you not only have more money, but you also have fewer goods. That's a classic double-whammy on inflation.
When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do.
In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.
By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
The government will always tell you that it wants low inflation. The real issue is the horizon over which to bring inflation down.
To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target.
We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.
Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers.
I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.