You've likely been fed the narrative that inflation stimulates spending, benefits the economy, and that government expenditures have a profound 'multiplier effect.' This is often accompanied by an oversimplified explanation of how a money printer somehow magically boosts economic activity. These claims are just a few of the many justifications tied to the inevitable consequences of counterfeiting by government. However, the truth is that inflation has a singular, fundamental effect that's surprisingly straightforward to grasp. Beneath the surface, all the touted benefits of inflation crumble, revealing a far more insidious reality. It's time to cut through the noise and set the record straight, which is why I think it's time for a Guy's Take episode.
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"Think before you speak. Read before you think."
— Fran Lebowitz
