"(paper money, he believes, is the main source of inflation, “an invisible tax on the poor”)"
Not simply paper but paper that is backed by nothing and printed virtually at will. It is indeed the source of inflation, the only source. Some products or industries can raise prices but only by taking spending from somewhere else. When ALL prices rise that is a symptom of inflation, which is an increase in the money supply. Economics 101 but you wouldn't know that listening to the Fed!
He's being proven correct on a daily basis on both the economy and foreign policy. He deserves to win and I wish him luck.
"(paper money, he believes, is the main source of inflation, “an invisible tax on the poor”)"
Not simply paper but paper that is backed by nothing and printed virtually at will. It is indeed the source of inflation, the only source. Some products or industries can raise prices but only by taking spending from somewhere else. When ALL prices rise that is a symptom of inflation, which is an increase in the money supply. Economics 101 but you wouldn't know that listening to the Fed!
He's being proven correct on a daily basis on both the economy and foreign policy. He deserves to win and I wish him luck.