He meant every word of it and every word of it is true. He's just senile and shouldn't have said the truth out loud.
Inflation allows the government to retire debt as long as interest rates are lower than inflation. More inflation is good for government. Yes, it's literally them stealing your wealth and standard of living to maintain their power. What are you going to do about it, peasant?
He meant every word of it and every word of it is true. He's just senile and shouldn't have said the truth out loud.
Inflation allows the government to retire debt as long as interest rates are lower than inflation. More inflation is good for government. Yes, it's literally them stealing your wealth and standard of living to maintain their power. What are you going to do about it, peasant?