Inflation: The People’s Enemy. The Government’s Friend.

Inflation: The People’s Enemy. The Government’s Friend. By David Smith “When you can lie about money, you can lie about anything.” ~David Morgan We can argue about the definition(s) of inflation until the cows come home – some economists spend a career trying to nail it down. But for clarity’s sake, we’ll use the definition of the Austrian School (Mises.org) as an increase in the money supply. This is really the correct one, regardless of any bias of dogma, “schooling” or the mainstream media. Although most everyone defines inflation as…

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