Principle #8 - INFLATION IS NOT EVEN.
Inflation benefits those who receive the money first.
For example, the people with market power will pass higher prices onto the consumer without loss of market share, resulting in permanently higher prices. This principle has a negative influence on the economy because currency should be stable and neutral. If it benefits someone, it violates the rule of neutral currency, and that is always bad.
With the federal government spending and printing so much money recently, inflation is soon to be on the rise. Those in the government, bankers and industry leaders will still find a way to benefit from inflation/hyper-inflation. It is the small businesses and consumers that ultimately get shafted in the end.
Solution to inflation: dramatically cut federal spending, and peg the dollar to a precious commodity like gold.
( The US Economy went off the stable currency rails when Nixon took America off the Gold Standard. Editor note: Nixon was a politician and a terrible economist. He was no friend of the Conservative Movement; he was a Washington Elitest who believed in Big Government.)
Unfortunately I don't see that happening with the current administration.
The first eight principles are on ECONOMICS, the next two are on BUSINESS.
