I happened to come across the Bank of England's (BOE) website yesterday and saw an interesting article titled "Quantitative Easing: Putting more money into the economy to boost spending." I am always fascinated by how much contempt central banks have for the general public. They talk to us like children in an Orwellian police state. The purpose of the BOE's article is to convince the British public that inflation is a good thing. If the public wants a strong economy they should also want inflation. Of course to the rational person, inflation is a great evil and represents an illegal confiscation of purchasing power. It has ruined the middles class in western economies because wages never keep up with inflation, which results in a decrease in the standard of living. But lets see the Bank of England's propaganda in action:
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