8 karma · joined October 4, 2010
Even if people learn the value of their inflating money with respect to more stable things, inflation STILL eats away at the value of their savings. It does them no good to learn prices are stable (with respect to an arbitrary standard) except to learn they are indeed getting poorer.
Also, freezing bank accounts and banning the trade of foreign currency only makes matters worse. People not being able to access their money does make them poorer still.
1. You can't inflate at leisure without destroying the currency. 2. You can't have a peg to a foreign currency if you keep inflating faster than that currency's central bank. 3. You can't then cover up for the misdeeds of the government by denying people access to their savings.