Paulus Textor Wrote:
Oct 01, 2012 11:05 PM
Obviously, inflation is a form of hidden tax, as Bialosky says. But it's not quite correct to call it OBAMA'S hidden tax; both major parties have supported the Fed, heart and soul, since 1913. The only reason to even HAVE a central bank is to game the system for the benefit of both the government, and its politically-connected friends. The only tool they have is manipulating money and credit for their own benefit. The CPI, by the way, is one of the worst ways to measure "inflation," even so-called "price inflation." The Austrian School has pointed out for ages that the FIRST price increases in an inflationary cycle invariably happen with capital goods and other long-term investments. The LAST place inflation manifests.....