Is inflation being done on purpose or is the fed dumb enough to think that more inflation will be good for the people?
There is no doubt we have inflation. Everything just doesn’t go up in price just because CEOs and business owners decided to wake up one morning and be more greedy…
I feel like inflation is being done on purpose. The state wants people to be poorer so they can own less and work harder. Inflation makes everyone poorer and being poor means you have to work all the time just to get by and you don’t have time to “fight the system”. And poor people are more dependent on the US government and thus easier to control.
Inflation is good for rich people who own a lot of assets. Because that means their assets go up in dollar value.
I heard the saying “never attribute to malice that which is adequately explained by incompetence”. Would this apply to the federal reserve who think that printing more money is the answer?
Article from r/Libertarian: For a Free Society