Note: This article was written by Nicholas von Hoffman for The Nation. This man has a lot of courage: he points out that inflation hurts the poor the most. The rich can purchase hedges against inflation; the poor have no such protection. Even if inflation reduces unemployment, if salaries are worthless the poor are no better off. It is the worst-off of society that suffer from bad economic policy, as usual. He also implies that the Fed was counting on a looming crisis to take care of inflation for them. If this is true, then the Fed may really be as evil as many say it is.
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