lancer50 Wrote:
Sep 02, 2012 10:04 AM
Inflation is the government's friend. It makes people think they are "richer" because they have more money. It makes the debt less in real terms since you pay off old debt with inflated money. It is like increasing the minimum wage - you have more money but it buys less. You are not farther ahead than before. Money is only worth what it will buy.