Inflation targeting revisited: Three major Fed-sponsored bubbles – who benefits from inflation?

Inflation targeting revisited: Three major Fed-sponsored bubbles – who benefits from inflation? “Inflation is an insidious hidden tax that benefits those with first access to money (the banks and the already wealthy), and government (via taxes). Government bureaucrats take your money and redistribute it primarily for wasteful pet projects in their districts or to those who contribute to the politicians’ campaigns.” Well, that’s not what they said on Tee-Vee.

incomes

Author: Bonfire of the Absurdities

After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

I HATE THE MEDIA ™
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