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The growing power of the upper classes largely the result of the way currency debasement is performed. Banks get the money first. They get to spend the fresh
by tastyfreeze 6y ago
The growing power of the upper classes largely the result of the way currency debasement is performed. Banks get the money first. They get to spend the fresh money before anybody even gets a taste or prices have a chance to catch up. It is a wealth transfer from the lower classes to the upper class. Without debasement and government meddling the playing field is much more level.