3 ms·
The same way debasing gold coins is theft, even if the prices don't rise (because, say, you just conquered another country and got a new bunch of slaves to prod
by mdpopescu 6y ago
The same way debasing gold coins is theft, even if the prices don't rise (because, say, you just conquered another country and got a new bunch of slaves to produce stuff). Claiming that inflation is a rise in prices confuses cause and effect.
As I said, this is rather well discussed by various economists. See for example https://mises.org/wire/inflation-beginners https://mises.org/wire/inflation-beginners
- WoahNoun 6y agoThe Mises org is libertarian clap-trap and not serious economics.