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> Inflationists / consumptionists have been demonizing savers and sound money since the 1700s, if not earlier. And as we all know, it's been one long, slow eco
by empath75 9y ago
> Inflationists / consumptionists have been demonizing savers and sound money since the 1700s, if not earlier.
And as we all know, it's been one long, slow economic collapse since the 17th century.
- clarkmoody 9y agoThe long-term trend is caused by gains in productivity brought about by saving and investment with private property protections. The boom-bust cycle is brought about by inflationary banking.