Inflation and you: partners in freedom.

• Author: Cavanaugh, Tim
• Position: Artifact - The Story of Inflation - Brief article

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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 sub fly than, for example, the 1933 MGM short INFLATION: Explained by Pete Smith (a minorYouTube 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...