3 ms·
I'm not so naive to think that FED's goal is restraining inflation. Also, I don't know why people think of inflation as if it was some force of nature - it isn'
by mamon 8y ago
I'm not so naive to think that FED's goal is restraining inflation. Also, I don't know why people think of inflation as if it was some force of nature - it isn't. Inflation is created artificially by central banks, as a form of hidden tax on all of the citizen's wealth. Increasing inflation is the easiest way to help repaying government debts, because government is first to spend the money that FED creates out of thin air, thus screwing everyone else over.