Comments by "kgb gb" (@kgbgb3663) on "The US dollar collapse is coming w/Peter Schiff, Alexander Mercouris and Glenn Diesen" video.

Real inflation benefits debtors, most noticeably the USG. USG also benefits because real inflation is in effect an invisible tax, that people pay without realising. It results from government spending and reduces the real (as opposed to nominal) value of people''s incomes. So the government gets control of value that would otherwise be available to the people. Underestimating the real inflation also benefits USG, for two reasons. Inflation is unpopular, and is seen as a failing of government. (Though it is not so obviously associated with government as taxes - see above.) Also, by underestimating the degree to which increased circulation of dollars is just a reflection of how much less each dollar is really worth, it allows the government to misrepresent that increased circulation of dollars as economic growth even when the amount of goods and services being traded goes down, and take credit for this fictional "GDP growth". No contradiction once you distinguish manipulated "headline figures" on CNN or MSNBC from real inflation and real growth.
1
@user-ie2ts5ym8i Wow. You could have fooled me. Do you have anything cogent to say about my comment, or are you just going to try to pull your self-awarded rank?
1