If Deflation-phobia is not yet an “official” disease, it should be. Government and Fed apologists, as well as the institutions themselves, fear deflation like it’s the bogeyman.
They should be scared. The rest of us, on the other hand, should welcome it with open arms. For, deflation, which is a contraction of the money supply, would be a huge blessing for Liberty. You see, the regime needs a constantly increasing money supply in order to pay off its debts. It pays the debts in depreciated money that robs both the creditors and the rest of us of purchasing power. It’s immoral to the bone.
With a contracting money supply, the debts would no longer be able to be paid in such an insidious fashion. In addition (and the really good part) further credits would not be extended to the government. If more credit is no longer available, then the unrelenting growth of government, that we’re all used to, would have to grind to a halt. Liberty would finally get a chance to catch its breath.
Politicians would find it impossible to buy votes. The war machine would have to bring the troops home, and stop its madness as well. The prices of goods and services would drop for consumers. The pressure to get a second and third job just to pay the bills would be relieved.
Hopefully, it’s obvious as to why “they” hate even the thought of deflation, and why we should cheer for its occurrence.
The government and Federal Reserve are used to constant growth in their powers; all funded with money out of thin air. They can’t comprehend a shrinking government. Sadly, many Americans have become accustomed to it as well, and also can’t comprehend the idea.
It’s well passed the time for both the government, and the dependent public, to face their deflationary fears.
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