The "What is Money?" Show cover image

An Examination of Central Banking with Joseph Wang (WiM234)

The "What is Money?" Show

00:00

Is Inflation a Theft?

I don't think it's useful to think of inflation in terms of theft or even lucky windfall gains. The price of everything is always changing, and I think it's misleading to think that anything stays fixed. If the central bank is going out increasing the money supply, let's say printing money to buy assets, they're also taking an asset out. So at the end of the day, it's not necessarily, you add something, but you take it out.

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