Spot the error

[MMMark]

Sun. 10/04/25 11:56 EDT
.post #74

[url=Spot the error - #18 by Smiling_Dave]

@Smiling Dave

[/url]Unless you meant that bernanke said only imports go up, when inreality everything goes up. But that’s my point 2 in the earlier thread.

Argh! I apologize. You nailed it.

Bernanke suggests that the dollar’s declining value is only in terms of foreign currencies, without affecting domestic purchasing power. He tells this lie to avoid admitting the secret, unpleasant truth: that inflation steals wealth from those who earn it and transfers it to the Fed and government. The Fed can lend without limit, while the government can spend without limit. The slaves get to pay the price.