IMF Doubles Inflation Target!

IMF Doubles Inflation Target!

by Claus Vogt   03-03-10

I grew up in Germany, a country that went through hyperinflation twice during the 20th Century. Maybe that’s the reason I learned inflation is bad and inflationary policies are diabolic.
Inflationary periods are highly unjust. They undermine the ethics of hard work and thrift. They destroy solidarity, lead to widespread hardship and often to social unrest.
All these points are well documented in history. Many countries have suffered through the destruction brought on by huge surges of inflation. And many people have lost their wealth, their savings, and even their perspectives in the wake of inflationary episodes. (go to article....)