RCP: The Growing Case for Inflation

https://smartfin.org/science/lexapro-vs-placebo/12/ canadianlab viagra https://norfolkspca.com/medservice/levitra-precautions/14/ cuban missile crisis essay go to link structure a discursive essay el viagra las varices internet in the future essay 30 days of flagyl what is a literacy narrative essay https://samponline.org/blacklives/best-personal-essays-law-school/27/ mocniejsze niz viagra https://explorationproject.org/annotated/essay-on-combating-corruption/80/ https://www.rmhc-reno.org/project/dawn-by-elie-wiesel-essays/25/ how to get cialis prescription el origen de la viagra go to site https://efm.sewanee.edu/faq/presentation-board-ideas/22/ dissertation on educational leadership see writing paper gift sets https://www.carrollkennelclub.org/phrasing/custom-dissertation-proposal-example/6/ click here watch https://www.aestheticscienceinstitute.edu/medical/orlistat-mail-order/100/ enter site https://thembl.org/masters/katturai-in-tamil-about-holiday/60/ diovan long term results source url go to link what is sildenafil citrate cialis samples free canada

So argues Steve Chapman:

The best part of inflation is that it avoids the need for the government to embrace vast spending initiatives and micromanage capitalist enterprises it is not equipped to run. And unlike government programs, inflation doesn’t last forever.

One of the historic evils of inflation is that by reducing the value of debt, it rewards borrowers while punishing lenders. But this time, both sides may gain from a rising consumer price index — borrowers because their properties will be worth more than they owe, and lenders because their customers will find it easier to meet their obligations.

Once inflation has performed its useful role, it will have to be tamed. But the Fed has a lot of experience doing that. What it doesn’t have is experience bringing the economy out of a deep recession or a depression.

An interesting theory, though such a solution would absolutely destroy the value of the dollar overseas. Deflationary pressures would encourage savings, reduce the cost of many items, and force firms to innovate better products and methods.

Inflationary pressures allow the same mediocre system to persist.

Of course, the real elephant in the room — a vast reduction of government spending — hasn’t even been discussed much less contemplated.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.