And what a silly old man. To say that when he spoke the dollar was worth 45% of what it was in 1939. That is very good value for money. A dollar in 1973 is worth $7.89 now--that's 12.7%. All of the time I use <a href="
https://www.halfhill.com/inflation.html">Tom's Inflation Calculator</a> to see the great economic benefits that our leaders have given us.
Comrades, when people complain to me that the stimulus bill will be impossible to pay for, I say, "Pish tush! It won't at all. All true progressives are now, in this slightly deflationary period, in a cash position [ off ] I mostly am [ /off ] and in two years when the interest will prove onerous, Our Most Wise Miss Nansky and Harry Reid will merely tell the treasure to crank up the presses. By then all true progressives will be highly leveraged, to be able to pay back debts with devalued currency.
Nothing warms the heart of an old Made Progressive like me more than government-induced hyperinflation. For it devalues the savers, who are hard to control, and rewards the imprudent borrowers.
Prudent people are anathema to a Made Progressive. If someone doesn't need something from me, he might--shudder, gasp--<i>ignore</i> me. And that won't do. We have to, as Made Progressives, destroy the value of the savings of those unpatriotic people who do not spend, spend, spend, and borrow, borrow, borrow.
Nothing is more progressive than a little government-induced double-digit inflation.
Or, be still my beating heart, could I hope for triple-digit inflation?