I seldom make any progress arguing about economic policy with Obama supporters, but the one thing I have been able to get a few of them to acknowledge is that when the government deliberately sets out to devalue its currency through “quantitative easing” and deficit spending it is seizing wealth from any citizens who have savings in that currency.
“when the government deliberately sets out to devalue its currency through “quantitative easing” and deficit spending it is seizing wealth from any citizens who have savings in that currency.”
Absolutely agree.