We Can Only Afford One, So Choose Wisely: Social Security/Medicare, Cartel Cronyism Or Inflation (Central Banking)
Submitted by Charles Hugh-Smith via OfTwoMinds blog,
Here's the problem with central banks seeking higher inflation: costs go up but wages don't.
It's easy to quantify the annual cost of Social Security/Medicare, and not so easy to calculate the cost of Cartel Cronyism and Central Bank-created inflation. Cartel cronyism is a hidden tax on the entire economy, as is Central Bank-created inflation.