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> Central banks have (without evidence) claimed that deflation is a universally “bad thing” in order to justify inflating the currency every single year (AKA st
by soVeryTired 9y ago
> Central banks have (without evidence) claimed that deflation is a universally “bad thing” in order to justify inflating the currency every single year (AKA stealing from savers, and transferring wealth to the people who are the earliest recipients of the inflated currency).
TIPS. JGBis. Linkers. Come on man, this makes you sound like a crank.
Gold was the standard. It didn't work out very well.
- sbenitoj 9y agoTIPS and JGBIs are nothing but derivatives of un-sound money (fiat currency controlled by a small group of people, enforced by coercion), not examples of sound money people can choose as an alternative to fiat currency. The gold standard you’re talking about was far from a market gold standard, banks and governments colluded so banks could print more paper money than there was gold in storage. What specifically do you think “didn’t work out very well”?