Keynes dixit

By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth.

Dedicado a las huestes de la progresía, en el día del cumpleaños de JMK -y del bautismo de Adam Smith.
(HT: Cafe Hayek)