ryan susie ethan & lilly

Here’s a grand ol’ video programming Americans to think that Inflation will save them. Here let us devalue your money, rob you of your savings and force you into spending more than you should have to…

Vintage pro-inflation propaganda

Here are some great comments spawned by the video:

soylentgreenb (1 month ago) Show Hide
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“The only theory that talks about “natural” bubbles is Keynesianism – In a free market there are no natural bubbles…”

How many times does it have to be proven that imperfect information and high feed-back amplification leads to bubbles?
gergenheimer (1 month ago) Show Hide
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I agree 100% – and by far the biggest source of imperfect information and the feedback amplification of moral hazard comes from government. In free markets, there will be misallocations of resources and capital, but they will be localized and short-lived, as people all over the system react to information of varying quality. The way massive bubbles are created is from a persistent, centralized, coercive source of bad information and moral hazard – i.e. government policy and central banks.