Very well explained so most everyone can understand. It’s easy to blame the fiat currency as the problem when you don’t actually understand how things work.
I disagree with modern economists. Inflation is not the enemy. When a society changes rapidly, for the better especially, some inflation is needed. When society changes many many business decisions become invalidated. No inflation and there is no cushion for firms to adjust. 2% IMO is too low. 3-4% is needed for times of rapid change. Inflation though means more fiat money.
It really kinda is that simple, people.
In Praise of Private Banks Owning Your Economy might have been a better title.
People like Keynesian economics because they don't know any better.
Nothing like destroying capital to create wealthier societies, like WWII.
Very well explained so most everyone can understand. It’s easy to blame the fiat currency as the problem when you don’t actually understand how things work.
I disagree with modern economists. Inflation is not the enemy. When a society changes rapidly, for the better especially, some inflation is needed. When society changes many many business decisions become invalidated. No inflation and there is no cushion for firms to adjust. 2% IMO is too low. 3-4% is needed for times of rapid change. Inflation though means more fiat money.