I wished central banks would understand this issue clearly.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2wZpChZuMuDs1RarLm0cz2WfD-tczYTalIKHOwuBKx4VuaqO0ylaLE_er99CElsoEt1G7nkLaKtzzUs1sty3joRhnqmi7NzENdYf-9hug19CVf6iQbg12z53vjWAk6ZZwUs2cRcVDhhQ/s200/janet-yellen-reporters.jpg)
Mises also noted that, “Inflation-ism, however, is not an isolated phenomenon. It is only one piece in the total framework of politico-economic and socio-philosophical ideas of our time. Just as the sound money policy of gold standard advocates went hand in hand with liberalism, free trade, capitalism, and peace, so is inflation-ism part and parcel of imperialism, militarism, protectionism and socialism.”
I believe that inflation-ism is not only part and parcel of socialism but also of increased regulation, diminishing personal freedom and, therefore, of lower economic growth potential.
via http://www.gloomboomdoom.com