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This is right-wing virtue signaling, their equivalent of leftist moral outrage. Inflation=bad, so we must only talk about the bad things it does to bad people & good things to good people. To mention limits to it's badness is to defend badness which is heresy.
Sorry "Currency Justice Warriors", but some of us have been sorting through fringe economic theories for 20 years. We don't take right-wing bluster any better than left-wing bluster. We use models and examine facts. We know outrage is the sign of an emotionally-driven position.
CPI is bullshit. Inflation is a sneaky way to steal. That doesn't mean it is infinitely bad, or unmeasurable, or hurts all good people, or doesn't have benefits or anything other than...it distorts the economy a bit and steals a bit of value. Finis.
20 years. Wow. Thats the time ago Nash started talking about an international ecurrency with a stable supply and how it will asymptotically force central banks to print inter-relationall stable money. Looks like you are the ignorant one.
Umm...people have been talking about hard money & currency debasement for millennia. Austrian economics has had sophisticated critiques of inflation for 60+ yrs (with roots in 19th C). Man, kids these days think they invented everything...
All theft helps some people and hurts some people. Just because it is only skimming a little from everyone, and even if it pushes along a sluggish economy, doesn’t give the rulers the right to do it. Also most empirical facts ignore the unseen.
I didn't say anyone had the right to do it. Or not. I don't find rights-based discussions to be very productive. Just saying the empirical consequences are neither massive nor simple nor uniformly anti-poor, etc.
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