Bloomberg Editorial in Support of Inflation Misses the Point


Bloomberg Editorial in Support of Inflation Misses the Point

By Daily Bell Staff – July 18, 2016

Overcoming Our Inordinate Fear of Inflation … Why do we care so much about preventing inflation?  When I put this query to baby boomers, they tell me that if I had lived through the inflation of the 1970s and early 1980s, I would understand. But … why does it stand out so strongly in our collective memory? –Bloomberg

This Bloomberg editorial provides us with lots of reasons why moderate inflation is not a terrible development.

Noah Smith is one of Bloomberg’s more original columnists, though we almost always disagree with him. Once again, with this editorial, he misses the main point in our view.

He analyzes inflation from the standpoint of communal rather than individual harm.

Thus, he concludes that in moderate doses it is not terrible



Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!