​No Central Bank Wants To Stop Price Inflation – Tyler Durden

No Central Bank Wants To Stop Price Inflation Authored by Daniel Lacalle via The Mises Institute, Many citizens want more government control of the economy to curb rising prices. It is the worst strategy imaginable. Interventionist governments never reduce consumer prices because they benefit from inflation, dissolving their political spending commitments in a constantly depreciated currency. Inflation is the perfect hidden tax. The government makes the currency less valuable by issuing more units of fiat money, partially dissolves its debt in real terms, collects more taxes, and presents itself as the solution to rising prices with subsidies in an increasingly worthless currency.…  — Continue at ZeroHedge News : Read More