Jeff Booth On How Inflation Is Theft #904

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Apr 8, 2022

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INSIGHT

Central Banks Trapped

Central banks are trapped and have no choice but to continue printing money.
Stopping would cause a global credit collapse, as economies rely heavily on credit markets.

ANECDOTE

Lebanon's Economic Collapse

Lebanon's currency collapsed by 90%, and its economy shrunk by 60% in 2.5 years.
Their central bank declared bankruptcy, highlighting the dire consequences of failed monetary policy.

INSIGHT

External Shocks

External shocks, like the Russia-Ukraine war, exacerbate existing structural problems caused by central banking.
These shocks magnify the problem by further driving up food and energy prices.

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