3min chapter

The "What is Money?" Show cover image

"Money: Free and Unfree" with George Selgin (WiM209)

The "What is Money?" Show

CHAPTER

Is Your Central Bank Stealing From You?

The extent to which, though, it's s really does depend on the particular circumstances. Some people can protect themselves quite thoroughly from the effects of inflation by holding very little non interest earning money and perhaps no paper money at all. So mild inflation doesn't really have to steal it rob people all that much. But some of em lose value very, very slowly only. And that is much less likely to be harmful to people than when they're losing value at ten % a year or 20%, let alone 50%.

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