Post
Topic
Board Economics
Re: Inflation and Deflation of Price and Money Supply
by
AlgoSwan
on 12/05/2020, 12:24:20 UTC
The fault of inflation is not in business “monopoly,” or in union agitation, or in the hunches of speculators, or in the “greediness” of consumers; the fault is in the legalized counterfeiting operations of the government itself. For the government is the only institution in society with the power to counterfeit — to create new money. So long as it continues to use that power, we will continue to suffer from inflation, even unto a runaway inflation that will utterly destroy the currency.