Re: Raul Paul Roasts Bernanke
The thing is inflation doesn't really mean anything. It's taken on a mystical significance because it's another complicated and scary term that governments can use to increase their power base. "well we need a government or the inflation demon will get us". It's purposefully arbitrary and ill defined to keep most people in the dark. I don't need to know inflation is 10% I just need to know how much more my rent is than last year how much less my car's worth and so on. Bundling it all up serves no purpose for me it only serves those in power which I presume is why it is talked about so much and with so much reverence.
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