Inflation is how economies exploit worker time!

Now I've heard this argument so many times, but this time it's by Nadeem Walayat who is about the only person who seems to have the markets sussed...

Governments and their respective central banks are engaged in a perpetual cycle of inflationary money printing policies with the sole aim of concentrating power and wealth into their own hands by stealing the wealth of savers and purchasing power of workers.

Why ? Because inflation gives the illusion of prosperity whereas Deflation acts as a tax on the government (therefore forces governments to contract in size) by increasing the purchasing power of savings and earnings thus under a deflationary environment workers can over time work less for a greater standard of living whilst wages stay constant, which is how it should be in a deflationary world because of constantly increasing productivity of workers that SHOULD result in falling prices.

[Market Oracle]

I'm no economist but this type of argument screams out of everything we know about our economy... its not rocket science, it's obvious, so the powers that be are either extremely stupid or they are only interested in themselves - the latter being the obvious conclusion that screams out of what we know about human beings. So no mysteries all around. Bet on the bull market however is the practical conclusion.