Eventually, people will discover that they cannot save in terms of dollars (those who don’t figure it out will be rendered economically irrelevant as their wealth is removed from their hands). Savings is a necessary prerequisite for investment. Investment is necessary for companies to grow, to develop new technologies, products, and markets. Growth is necessary to hire new workers. As existing companies achieve higher productivity of labor, and do not need as many workers to perform the same work, they lay off unneeded people. In a free market, the unemployed would quickly be hired by growing companies that expand and develop new businesses. But today’s structurally high unemployment can be traced back to Friedman’s quack prescription (among other government interference). Weakening the currency not only discourages savings, it also weakens businesses who have to keep the currency on their balance sheet and who have to import some of their inputs. When a currency loses value, then all who hold it incur a loss. It is not possible to employ workers and run a business in a country without holding significant amounts of its currency. Currency debasement therefore imposes constant losses on enterprises that try to operate in such an environment.http://www.zerohedge.com/news/guest-post-caution-falling-currencies
Or, you could listen to a guy posing as a liberal on the EA forum ( posing as a liberal is the most popular pastime on the EA forum):
Wood Goblin, November 2011: "Inflation hasn't been high enough."
Now, unless Wood Goblin has data proving that wages for the working class climb faster in an inflationary environment than their cost of living ( and I'm sure that he doesn't have that data, because wages never outpace the costs of goods during times of inflation ), then what Wood Goblin is really saying when he pleads for higher inflation is this:
'Rob the working class of their savings and make them work harder to keep up with bills."
Where could someone say that and continue to pass himself off as a liberal?
Well, the Electrical Audio forum is one such place.







'Israel Demands Iran Halt Nuclear Program'
The more accurate versions of that headline you can't see in US/ZOG media?
'Country That Spied, Bribed, Extorted, And Stole Itself Into The Nuclear Arms Club Demands Iran Halt Nuclear Program'
or
'Country That Actually Used Two Nuclear Weapons On Civilian Populations Demands Iran Halt Nuclear Program'
Neither the US or Israel has the moral authority to demand that Iran cover its mouth when it sneezes.