Inflation Is Not a New Idea, It's a New Cure

The reason we have infation in the united states, or for that matter, anywhere in the world, is because these features of paper and the accompanying book entry are growing more flae. But political freedom cannot be preserved unless inflation is kept in bounds. That's the responsibility of government, which has a monopoly over places like this. This is not a new idea. It's not a new cure. Has happened over and over again in history.