When a government or banking elite claims the right to expand the supply of money without limits, it plays with a fire that can quickly spiral out of control. The only way to protect against the dangers of a policy of monetary inflation is for the control of money to be taken out of the hands of governments and central banks. Money is not something created by the government. It is something created by people buying and selling on the market.
“…if inflation is not eliminated very soon, all our technological and scientific improvements will not prevent us from a tremendous financial catastrophe that will destroy practically all that civilization has created in the last several hundred years.” Ludwig von Mises, Ludwig von Mises on Money and Inflation The philosopher George Santayana stated that “Those […]
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How Inflation Precipitates Societal Collapse first appeared on
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