Thursday, April 10, 2008

Inflation and the Public Consciousness (Lew Rockwell)

Lew Rockwell says that even though merchants get the blame for rising prices, the actual culprit is government and its inflation of the money supply:

When central bankers blast central banks for being reckless, you know the problem is serious. Indeed, it seems that everyone suddenly really cares about inflation. Everywhere you go, this is the talk, at the grocery, the gas station, among your neighbors. Price increases have been persistent in major sectors such as medicine and education for decades, but today the trend is conspicuously hitting the stuff that people buy everyday. So the reminders are ubiquitous, and public anger is growing.

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