The Fed & The New York Times Say We Need More Inflation!
NY Times: In Fed and Out, Many Now Think Inflation Helps
By BINYAMIN APPELBAUM
As Federal Reserve policy makers prepare to meet this week, there is growing concern inside and outside the Fed that inflation is not rising fast enough.
REBUTTAL BY
Great news America! You know those gasoline prices that have doubled since Obongo's Communist coup, along with those heating bills, skyrocketing prices and shrinking packages at the grocery store? Well, take heart my impoverished comrades. The 'Great and the Good' at the Federal Reserve and its New York Times mouthpiece now reassure us that inflation is actually good for the economy. So, you can stop complaining about flat wages and rising prices. Happy days are here again!
There is one bit of concern though. According to The Fed/Times complex, "inflation is not rising fast enough." (!) Well, what is the Fed waiting for? Fire up that printing press baby! Let's buy some more bad mortgages and Obongo debt. Five dollar milk and gasoline, here we come!
On a serious note, this psuedo-economic Keynesian argument which equates inflation with economic growth is a deliberately created fallacy. During the period of America's most stunning industrial and economic expansion (1830's - 1913), the overall rate of inflation was 0%. That's right. If a pair of shoes cost $1 in 1830, it still cost $1 in 1913! (We had no Central Bank during that period.)
During the miraculous German recovery of the 1930's, Germany's economic growth record put the rest of the Depression mired world to shame. All the while the German Mark became stronger and stronger, enabling the German people to buy more goods and services than evere before.
In a truly free economy with a sound currency, the natural course of events is for prices to remain stable, or even fall, as the real wages of the people steadily increase. As "the pile of stuff" (productivity) grows, a fixed, or slowly growing supply of money should become more valuable relative to the more abundant "stuff" that is flooding the marketplace.
You see, dear reader, inflation - aka "the cost of living" - is not natural. It is artificially created by the counterfeiters of America's Central Bank, whose ceaseless production of debt dollars (used to buy bad debts and pump out easy credit) always outpaces the economy's production of "stuff". It's very simple!
For The Times to spin our rapidly diminishing purchasing power as something desirable, and even call for more of it, should insult the intelligence of even the most logic-challenged New York libtard. Next thing you know, The Times will be telling us that a man "marrying" another man is the equivalent of a man marrying a woman.....Oh, wait a second.
http://www.tomatobubble.com/id374.html
Subject: NYTimes Wants More Inflation! 
Sun Oct 27, 2013 11:59 pm
