THOUGHTS ABOUT INFLATION Inflation is taxation without legislation. –Milto…

THOUGHTS ABOUT INFLATION

Inflation is taxation without legislation.
–Milton Friedman

Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.
–Ronald Reagan

By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
–John Maynard Keynes

What is sad is that there are trillions of dollars sitting in bank accounts which is earning a negative return after you factor in the effects of inflation and taxes.

Some “savers” are literally becoming more poor each year by letting their money sit idle in “safe” bank accounts.

Yes, banks are safe–a safe way to go broke.