# [[Epistemic status]] #shower-thought # Inflation #to-digest >About inflation, I am reminded of a wonderful story about the man who decided to take advantage of the growing science of cryogenics--that's the science of freezing people up so that they can be in deep freeze for a time and then restored to life--and he got himself put into the deep freeze for a Twenty-year period. And of course before he went into the deep freeze he left all his securities and his worldly belongings at his broker's with instructions to do the best he could for him. And twenty years later, after the deep freeze had worked, he was unthawed and came out of the deep freeze, and of Course the first thing he did was to run to the telephone to call his broker. And his broker said to him, "Well you know, you're a millionaire many times over." "Oh, really?" said the man. "What happened to this stock?" And the broker said it went from here to here; you know... It multiplied ten times... twenty times. "What happened to this stock?" He kept on going. But suddenly, the telephone operator interrupted, the man was just ecstatic the telephone operator interrupted and said, "Sorry, your three minutes are up. That'll be $250,000 for the next Three minutes, please." (Laughter) That's real inflation. That's at the moment a story, but it's not a story which does not have some examples in history. Inflation is a disease. It's a dangerous disease for a society. It is sometimes a fatal disease for a society. >~ [[Milton Friedman]] ## Inflation, a [[Zero Sum Game]]? >What one man sells is what another man buys, that's a neat trick if you can do it. And as a result, people aren't really serious when they say they want to stop inflation--certainly not in the early stages, not before they fully understand, not before it has gotten to the point Where it is really creating serious social problems >~[[Milton Friedman]] [[Inflation & localism]] shows that we want to increase power in our local bubble of [[Space-time]] # External links <iframe width="560" height="315" src="https://www.youtube.com/embed/B_nGEj8wIP0" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>