In an opinion piece for on Friday, Mr Bean writes: "Some people have suggested that a bit of extra inflation now might actually be a good thing. After all, wouldn't it help to get the economy going by reducing the real value of public and private debt? This is severely misguided.Deflation was a smoke screen for devaluation and new debt. However, someone has now broken ranks to warn of the true nature of the coming catastrophe: hyperinflation.
"Aside from the dubious morality of redistributing wealth from savers to borrowers, we have seen from past experience that a bit of inflation has a nasty habit of turning into a lot of inflation."
We're doomed! Doomed!
Of course, I forgot. Without debt (money - or rather the promise of non-existent money), and more and more of it at that, the entire world economy would collapse into depression. Stupid me...
Get it? I don't. Let's get this straight again, without debt there would be no money = Great Depression II.
Well, you figure it out because I sure can't.
Post a Comment