Zeev's Turnips Patch-No Politics (ZEEV)

[phineas gage]

TG- when we created the Federal Reserve, if effect, we created a mechanism to ensure inflation. Instead of natural cycles of deflation and inflation, we adopted a system of continuous, controlled inflation. Not making a value judgement here, just observing.

So are we surprised that AG is going all out against deflation? It's not only a policy initiative, it's a self preservation strategy. I could imagine a world like Baum's, where after a long period of deflation, populist leaders dismantle the federal reserve system entirely and separate its two functions. Money supply and regulatory oversight of banks is alot for one agency.