“We the People” Who Prefer Deflation

All of this Fed-supplied inflation in the money supply will – guaranteed! – cause more inflation in prices, which is perversely just what the Fed and Congress want.

I say “perversely” because inflation is the one thing that we, the people, do NOT want. We, the people, like the idea of a deflation where prices go down, or at least no inflation in prices!

But this dreaded deflation in prices means capital losses for the Fed, Congress and their rich friends, capital gains losses for them and their rich friends, and losses of tax revenue to the government, which is also mostly run by them and their rich friends for the benefit of themselves and their rich friends.

The Mogambo Guru explains why the Fed, to our detriment, is inflating the money supply in an attempt to increase prices.