Latest / The Real Power Family Radio Show
Financial Friday: Why The Government NEEDS Inflation
Why the Gov’t NEEDS Inflation
Inflation destroys savers. It makes helps debtors by making loans easier to pay off. The US Government is the largest debtor in the history of the world. When there is consumer price inflation, we the people must make more each year to pay for the same quality of life we had last year. This pushes us into a higher tax bracket. The government not only gets more taxes on the higher income that we have to make, they tax us at a higher rate because we had to make more money to buy the same things.
If you think inflation is going away, you should save money and pay…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.