They say inflation destroys savings. Maybe so, but it has stiff competition from the many forecasters who overhyped the inflation threat in the wake of the financial crisis.
By now, according to the inflation scaremongers, after years of expansionary monetary policy, we in North America should be living in some sort of modern-day Weimar Republic. We should be kicking ourselves for not buying more gold, for not listening to more closely to Ron Paul while burning our useless fiat currency for warmth. (At least the old paper stuff. Canada’s new plastic bills aren’t even good for that.)