Why thank you! I love the fans, but sadly I have a central banking system to run! But you are too kind.
Federal Reserve Chair Janet Yellen, who is endlessly printing money, which anyone with any understanding knows is driving up the prices of food, gas, and other commodities, while wages remain the same, and completely debasing the currency itself. No harm??? John Maynard Keynes said that the best way to destroy a capitalist system is through a continuing process of inflation, through which he said “governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” (via redpillnow)
Ah but you see when we print money were are increasing the money supply. This then decreases the interest rate, which allows business to invest. When investment goes up aggregate demand shifts to the right, allowing our economy to grow. Now on to wages, what you are thinking about is the classical dichotomy. Nominal wages are sticky which means they take a long time to adjust to inflation, but according to the classical dichotomy, real variables stay the same. Also most jobs do a good job of keeping up with inflation. In the long run money is neutral, meaning that we may experience inflation now but it is for the better in the long run. That is what being a dove is all about love!
Well of course it isn’t connected to the Government. Central banks that are under government control would continue to print money to pay its debts. The reason we aren’t a federal entity is to make sure our economy is stable!
Count it all you want, inflation will depreciate it soon.