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<p>[QUOTE=&quot;medoraman, post: 7502665, member: 26302&quot;]Yes, our currency devalues every year. Its intentional. Low inflation usually produces the best economic outcome. That is why all countries on earth strive to generate low inflation in their prices every year. The goal, really, is for inflation to be around the tax free government bond rate. That way, citizens can invest in government bonds and maintain their purchasing power long term, hence my T Bill comment. However, this is why I HATE capital gains taxes unless indexed to inflation. They are taxing inflation THEY are causing.</p><p><br /></p><p>If you think holding a $100 bill is the way you maintain purchasing power, you are doing it wrong. Its not DESIGNED to work that way. If you want that, buy government bonds, pm, etc to maintain purchasing power.</p><p><br /></p><p>Having said that, I agree with you sir regarding taking from productive sectors and giving to unproductive is simply lowering everyone&#039;s standard of living, and long term will teach lazy people they can stay lazy, (not commenting on people who truly need help, of course we help them). Like most things in life its a matter of degree, and that line has now truly been crossed....[/QUOTE]</p><p><br /></p>

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