[Irontank]

Of course...most Americans don't understand (1) that inflation indices...particularly the CPI...are designed to understate inflation and (2) that inflation is just another tax...a tax on savings

And fiat currency allows government to hide the true cost of its bloated entitlement programs...see Senator Jon Corzine dismissing the looiming crisis in Social Security by declaring that "it will never run out of money...the government can just print more money"

Its statements like that (rarely are politicians so open in their admissions of how they can tax savings to pay for their favorite entitlement programs) and a long history of practice that makes me think that incoming Fed Chairman Bernanke was being a bit optimistic/disingenuous/naive when he told the National Economists Club that the government could, but wouldn't, "print money and distribute it willy-nilly."

Stop the Presses Jon Corzine would inflate the currency instead of reforming Social Security

[Travis McGee]

Meanwhile, the Fed has decided the sheeple no longer need to see monthly M-3 money supply increase data.

"Turn of the radar screen monitor down in the steerage class lounge....might make the passengers nervous."

[Toddsterpatriot]

Of course...most Americans don't understand (1) that inflation indices...particularly the CPI...are designed to understate inflation

Actually Greenspan thinks CPI overstates inflation.

[Chuckster]

Senator Jon Corzine dismissing the looiming crisis in Social Security by declaring that "it will never run out of money...the government can just print more money"

Futurist Watts Wacker predicted that, when the Gen-X kids grow up and take over control from the boomers they will do just that. Faced with a staggering national debt, they will elect to simply print the debt out of existence.