Inflation

Remember savings bonds? They were popular before the central bank made sure that safe, low-interest investments became a thing of the past. 

Remember savings bonds? They were popular before the central bank made sure that safe, low-interest investments became a thing of the past. 

Useful goods and services, and the productive resources needed to create useful goods and services, are wealth. Money is not wealth, and creating more money without first creating wealth is a big problem.

Useful goods and services, and the productive resources needed to create useful goods and services, are wealth. Money is not wealth, and creating more money without first creating wealth is a big problem. 

Money printing—even at a constant rate—is going to generate the same result as any other money printing. The reason lies in the fact that money creation transfers wealth from productive to unproductive enterprises.

Money printing—even at a constant rate—is going to generate the same result as any other money printing. The reason lies in the fact that money creation transfers wealth from productive to unproductive enterprises.

Trying to stay ahead of the government printing press is the modern citizen’s constant worry.

The Fed could certainly encourage more price inflation if it wanted to. But it seems the real goal is not steady inflation, but support for the financial sector.

Trying to stay ahead of the government printing press is the modern citizen’s constant worry.

The Fed could certainly encourage more price inflation if it wanted to. But it seems the real goal is not steady inflation, but support for the financial sector.