Inflation and You: Partners in freedom

The Fed's comic-book propaganda.


Credit: The Story of Inflation

What do you do if you're running the world's largest money laundering operation but you just can't unleash your inflation tiger? The Federal Reserve Bank of New York uses The Story of Inflation, a comic book, to make an argument most Americans would dispute: that we should be thankful when our money loses value.

The Story of Inflation, one of several comics the New York Fed distributes for free, has an evenhanded, instructive tone that plays more subtly than, for example, the 1933 MGM short INFLATION: Explained by Pete Smith (a minor YouTube hit under the title "Vintage Pro-Inflation Propaganda"), which promises inflation will "sock Old Kid Depression right on the button." But it serves the same goal of accustoming Americans to the inevitability of a depleted dollar.

The nation's smart shoppers might relish seeing prices for houses, milk, and gasoline in steep decline, but The Story of Inflation makes a contrarian case for rising costs, depicting bridezillas hurrying to buy gowns and lazy construction workers bragging about their COLA increases. Still, the book's marketing ruins the illusion of asset appreciation. Why give copies away when you could call them "graphic novels" and sell them for $24.95? 

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  1. I’m sure Clint Eastwood would love to hear that the government is using his image to promote inflation.

  2. My only point is that if you take the Bible straight, as I’m sure many of Reasons readers do, you will see a lot of the Old Testament stuff as absolutely insane. Even some cursory knowledge of Hebrew and doing some mathematics and logic will tell you that you really won’t get the full deal by just doing regular skill english reading for those books. In other words, there’s more to the books of the Bible than most will ever grasp. I’m not concerned that Mr. Crumb will go to hell or anything crazy like that! It’s just that he, like many types of religionists, seems to take it literally, take it straight…the Bible’s books were not written by straight laced divinity students in 3 piece suits who white wash religious beliefs as if God made them with clothes on…the Bible’s books were written by people with very different mindsets…in order to really get the Books of the Bible, you have to cultivate such a mindset, it’s literally a labyrinth, that’s no joke

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