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Richard J Murphy
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Comments by "" (@charliemoore2551) on "The days when managing the economy is all about inflation should be over" video.
"We're obsessed with inflation because it destroys incomes and savings. " Indeed. It discourages using money as a store of value and thereby NOT using it to facilitate the purchase and therefore production of goods. A little inflation is therefore a good thing.
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@foxmoongaze Nonsense. They generally exceed the rate of inflation. They are a consequence of vendors attempting to gouge more money out of the consumer.
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@foxmoongaze "Your comment just proves how little you understand about inflation". And the tone of your comment just shows that you are a patronising troll. IEA, perhaps? The richest 1% didn't get rich by hard work and ingenuity. Those who didn't inherit it got rich by robbing the rest of us - either by underpaying wages or overcharging prices.
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