The Moral Hazards of Inflation

"No one discusses it in this country. No one is saying, wait a minute, we've got to think about the inflationary. If we propose to help the food stamp recipients for another six months, the issue of inflation would be raised," he says. "I'm astonished that the only way we are discussing as a nation dealing with the inflation is by raising interest rates,. which will throw millions of people out of work."