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To: kingpins10
I know how it works ... the taxpayer/citizen gets the shaft through “the hidden tax of inflation.”

Well, maybe you don't.

Some citizens make out just fine under inflation. These people are usually called debtors. But even someone who just has real assets (as opposed to cash assets) benefits because the government is effectively repudiating the debt by inflating the currency which lessens the debt burden on the citizens.

ML/NJ

64 posted on 02/16/2010 11:12:31 AM PST by ml/nj
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To: ml/nj

“Some citizens make out fine.”

Correct. And their names will be Bernanke, Geithner, Paulson, etc.

Let me amend my statement to suit your hubris: Most citizens will get the shaft.


77 posted on 02/16/2010 2:27:30 PM PST by kingpins10
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