Inflation by Design | How Central Banks Destroy Your Wealth
Автор: MRDeVinney
Загружено: 2024-11-23
Просмотров: 29
Описание:
#economics #inflation #money
The near-universal belief that money must be regulated implies that it can’t exist without state control. This assumption pervades modern economic thought. Yet money, the most critical good in society, represents half of every economic transaction. Its integrity is vital to the economy’s stability. When the state manipulates money, it disrupts the delicate balance that underpins markets. Sound money, free from interference, is the only safeguard against such chaos.
Fiat money embodies state control. It is, at its core, a system of legalized counterfeiting. State-imposed controls inevitably distort the economy. Consider price controls—they lead to shortages and inefficiencies. The same principle applies to fiat money. By controlling the money supply, central banks effectively manipulate every transaction. This isn’t a matter of setting price floors or ceilings for goods. Instead, it involves altering the value of the money itself. This distortion infects the economy at its core.
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