For Those Who Don’t Understand Inflation
The comments below are an edited and abridged synopsis of an article by Alasdair Macleod
This article is a wake-up call for those who do not understand the true purpose of monetary inflation, and do not realize that they are the suckers being robbed by monetary policy. With the world facing a deepening recession, monetary inflation will accelerate again. It is time for everyone to recognize the consequences.
Up for discussion: An introduction; the true purpose behind monetary expansion; the drip-feed impoverishment of consumers; relative preferences are of overriding importance to fiat money; who will liquidate their dollars; and the US Treasury is anticipating the problem.