True, but what is the purpose of inflation if everyone gets prior notice? The entire purpose of inflation is for government to be able to use it as a stealth tax, usually to fund wars or massive welfare state. If not for that, there is no other reason to debase the currency.
Excellent post.
And what if a stable, sky high inflation level were to suddenly beome “unpredictable” and soar from there? If massive inflation was harmless, we would already see it as commonplace around the world. The reason it’s not is becuase it is fundamentally harmful to an economy.
What's he saying is 'smart liberal elites' don't have to be hurt by massive inflation. He's probably right. It'll be middle class people and savers who will be destroyed. Lilberal elites and the MSM hate those folks anyhow... This guy's a 'let them eat cake' kind of assh*le.