1gDdM7w

The Mirage of Inflation 157will be tomorrow; and tomorrow we shall not know what it will be onthe day after.Like every other tax, inflation acts to determine the individual andbusiness policies we are all forced to follow. It discourages all prudenceand thrift. It encourages squandering, gambling, reckless wasteof all kinds. It often makes it more profitable to speculate than to produce.It tears apart the whole fabric of stable economic relationships.Its inexcusable injustices drive men toward desperate remedies. Itplants the seeds of fascism and communism. It leads men to demandtotalitarian controls. It ends invariably in bitter disillusion and collapse.