tag:blogger.com,1999:blog-21240636.post1506886253240153636..comments2024-03-21T17:13:34.747-07:00Comments on On the Contrary: News DigestMichael Hoffmanhttp://www.blogger.com/profile/09485741729327325322noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-21240636.post-90542411099123498842014-07-01T06:23:33.307-07:002014-07-01T06:23:33.307-07:00Inflation devalues preexisting money. Because rich...Inflation devalues preexisting money. Because rich utilize smaller percentage of their money for consumption than poor, therefore rich are less affected by inflation than poor. Old maxim "money begets money" is on their side.Mindstormhttps://www.blogger.com/profile/02949097462978386911noreply@blogger.comtag:blogger.com,1999:blog-21240636.post-85732475156642839282012-09-14T14:45:34.515-07:002012-09-14T14:45:34.515-07:00Dear AES
Inflation is a result of printing money,...Dear AES<br /><br />Inflation is a result of printing money, i.e. "quantitative easing;" although today the money is just digits on a computer screen. <br /><br />The Fed uses their computers to breed money, i.e. wealth creation.<br /><br />This is the mother of all sterility.Michael Hoffmanhttps://www.blogger.com/profile/09485741729327325322noreply@blogger.comtag:blogger.com,1999:blog-21240636.post-26189731815570211522012-09-14T13:48:28.800-07:002012-09-14T13:48:28.800-07:00"the god-like power to create wealth..."..."the god-like power to create wealth...". Inflation is actually wealth transfer, from the low-income and middle classes to the rich elitists, not wealth creation.ASE-Baltnoreply@blogger.com