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French citizens would disagree with you.

Improbable. No citizenry anywhere has ever preferred wage suppression and unemployment to inflation.

In fact, this is the precise reason the anti-democratic right had to come up with the garbage notion of "independent" central banks.

Like every other citizenry they appreciate not beeing robbed by their politicians via inflation.

Inflation takes purchasing power from lazy money and gives it to people who invest their money in real capital with real value.

Why do you want to subsidise lazy money and penalise productive capital?

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Feb 14th, 2012 at 05:28:08 PM EST
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