Deflation empowers the citizen by allowing her modest savings to purchase more goods over time. Inflation empowers the state by reducing the size of its enormous debts in real terms—and through the inflation tax.
Kyle Ward
Kyle Ward (@dkyleward) is a data scientist with degrees in engineering and statistics. He uses machine learning and econometrics to inform transportation and redistricting decisions. He avidly consumes all things Mises institute on his (almost) daily runs.
