​No Interventionist Government Or Central Bank Wants Lower Prices – Tyler Durden

No Interventionist Government Or Central Bank Wants Lower Prices Authored by Daniel Lacalle, 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. That is why…  — Continue at ZeroHedge News : Read More