When we have an over-inflated tire, we know that over-inflation will cause a Blowout, while deflation results in a flat tire – those are clear and simple definitions which don’t require a genius to understand. Driving on a flat tire will destroy the tire and the rim will soon follow. One would think that even a bureaucrat would grasp that, but we can only imagine that’s “too simple”.
From the Burning Platform: We all know the BLS artificially suppresses the CPI through bullshit substitution adjustments, quality adjustments, and various other incomprehensible hedonic adjustments made by government apparatchiks at the behest of their politician bosses. Some obscure theoretical academic calculation called owners equivalent rent accounts for almost a quarter of the CPI weighting.
Last year, when alternative economic analysts were warning that the commodities downturn and oil crash just after the taper of QE3 were blaring signals for a downshift in all other financial indicators, the general response in the mainstream was that we were overreacting and paranoid and that the commodities jolt was temporary. Perhaps the fact needs repeating that it’s not paranoia if they are really out to get you.
(Who can really know about that?)
Hazlitt lost his job with the Washigton Times because he knew and openly said that the entire operation of the 1944 Btetton Woods agreement which created the IMF and the World Bank was against liberty.
Have you ever thought about herding cats?
Cats are known for their aloof independence. Sure, your cat will curl up in your lap and purr while you pet him, but how often do you see cats sit…or speak…or fetch on demand? Nobody trains guard CATS. There are no Feline Units in your local police department. So the visual image above of cowboys herding cats is meant to be absurd, showing that corralling a bunch of snooty independent cats is a tough job.
e.g. In 1913 One Dollar bought 4 POUNDS of sirloin steak — Today that Dollar will buy 0.18 pounds of the same steak. That is one of several examples of what happens when our Rulers made our Dollar Fiat.
It won’t take you long to take a look, but it’ll probably take a long time to absorb the real impact on your savings and your life.
by printing up trillions of currency units, governments have ? so far successfully ? papered things over. Instead of allowing markets to liquidate, their currency printing has made it possible…
Mises Daily: Thursday, June 07, 2012 by Thorsten Polleit??? Today’s worldwide paper-, or “fiat-,” money regime is an economically and socially destructive scheme ? with far-reaching and seriously harmful economic and societal consequences, effects that extend beyond what most people would imagine. Fiat money is inflationary; it benefits a few at the expense of many […]