By Angelo Monaco
Donald Trump may have declared, “I love inflation,” but for regular families, inflation is perhaps their worst enemy.
During the post-2020 inflationary cycle, the surge in consumer prices directly altered household dynamics, long-term stability, and daily life for American families. The disadvantages caused by inflationary spikes remain with us for long periods of time, because as inflation rates decrease high prices remain. While the state’s macroeconomists debate the precise weight of fiscal stimulus, central bank credit expansion, and supply-chain shocks that might trigger an inflationary spike, the resulting erosion of real purchasing power caused by their mistakes are creating devastating damage to the American family. The fact that broad economic decisions that decrease family security are decided without any consideration of the impact on the American family is immoral. The government’s debasement of our currency is not just a theft of assets, it is a theft of peace and happiness that is taken from the American family.
Undisc turning into a Mises.org retweet machine.
(I guess I do that with the FT so whatever)
Yeah, but I provide no original commentary
Economists stunned. Families unavailable for comment because they're at work.