Inflation Is Stealth Austerity
Sep 9th 2020 4:20pm EDT
Inflation Is Stealth Austerity Tyler Durden Wed, 09/09/2020 – 16:20 Authored by Charles Hugh Smith via OfTwoMinds blog, Rather than decry austerity, which demands an open political discussion of trade-offs, we should decry inflation’s stealthy reduction of purchasing power. Austerity–bad. Inflation–good. Oh wait–they’re the same thing: both are a reduction in purchasing power. The only difference […]
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