Is inflation a threat to our survival?
"All paper-money systems, be they national or international, labor under the presence of moral hazard. In the long run, therefore, a global paper money cannot evade the fate of national paper money. It must either collapse in hyperinflation or force the government to adopt a policy of increasing control, and eventually total control, over all economic resources. Both scenarios entail economic disruptions on a scale that we can barely imagine today. The inevitable result would be death for many hundreds of millions of human beings." The Ethics of Money Production, Jörg Guido Hülsmann, p. 236.
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The future will be far more surprising than most observers realize: few have truly internalized the implications of the fact that the rate ... -
Bad ideas are sometimes the hardest to de-throne. It’s probably accurate to say most people think of money as the paper currency printed...
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I’m sure there will be some shocking events in 2018, but I have no idea what they will be. There are too many wildcards in the mix, with o...
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