Investing Club mailbag: Why is wrecking portfolios and killing jobs better than inflation?

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Investing Club mailbag: Why is wrecking portfolios and killing jobs better than inflation?
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Unfortunately, it comes down to the lesser of two evils in order to preserve the buying power of money.

Jim, I love your analysis and am a very happy subscriber to the Investment Club. Though I'm Canadian, your input and perspective has also helped me address my Canadian stock holdings. My question is of a general nature.

Jim, I love your analysis and am a very happy subscriber to the Investment Club. Though I'm Canadian, your input and perspective has also helped me address my Canadian stock holdings. My question is of a general nature. I need to understand why we are fighting inflation? That may sound naive, but I can't understand why putting people out of work, reducing corporate productivity, deflating the stock markets and reducing the value of retirement portfolios, like mine is better than inflation. Can you help me understand this?

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