Win...Government's....Money!

Mr. Ben Stein has certainly been making his rounds within the news and radio circuit as of late. I must first admit, however, a bit of unfamiliarity toward Mr. Stein's economic proclivities. Therefore, I cannot say as to whether I should be surprised or not to hear that his latest economic speak has been pro Fed monetary pumping - extreme inflationary policy.

Ben Stein feels that the U.S. government finds itself in a situation where the only move to make is to "prime-the-pump". He advocates to start, immediately, without any reserve, printing masses of money before the U.S. economy begins to feel the effects from what he (and others) believes a current period of deflation. What's so bad about deflation, anyway? Mr. Stein additionally claims that we currently have no reason to fear, as a result of monetary pumping, hyperinflation.

Hyperinflation or not, where is the concern for the negative impacts all inflationary measures have on the American citizens (of course this impact has been felt throughout much of the world at one time or another under one leader or another)? We should certainly not want to increase prices - this being an outcome of printing too much money - for those who are already finding it more difficult to get by in hard economic times. Additionally, inflation is the worst kind of tax, and its effects carry with it an unequal impact on the citizenry - hurting those in the lowest income bracket the most, that is those who receive the new money last.