Extra Zero, Anyone?

Inflation punishes the people who didn't gorge themselves on credit for the past decade. The people who wisely lived within their means and saved money for a rainy day are having their savings destroyed if they keep them in dollars. Savings accounts are paying less than 1%, true inflation is over 5%, and taxes take another cut. The purported 'healing powers' of inflation are phony, but because people are susceptible to any 'quick fix' snake oil offered, people can't see the consequences of inflating the money supply...they read Page 1, "MORE MONEY!", and then they stop. "Yay! I'm saved!".

Sure you are. It's like drawing an extra zero on your ten dollar bill and telling yourself you just made ninety dollars.