“Inflation of the monetary unit is a great enemy of the security - TopicsExpress

“Inflation of the monetary unit is a great enemy of the security of the elderly [who are no longer able to produce current income]. If a society pursues deliberately a policy of inflation, and at the same time professes to be seriously preoccupied with the problems of its old members, one must doubt either the good sense or the honesty of that society. . . Those who find “nothing dangerous” in a program of “mild inflation,” usually meaning an inflation of two to five per cent annually, surely are unconcerned with the problems of the old. If these same people protest that they are in favor of “social security,” one may be pardoned for questioning their judgment.” Sylvester Petro, The Labor Policy of the Free Society (p. 20)

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