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.


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