How Inflation Enriches Politicians and the 1% | Video
But, like so many of the justifications that politicians and bureaucrats offer for their actions, this one is a lie.
A rapid expansion of the money supply is economically destructive, as it impoverishes the poor and middle classes, exacerbates wealth inequality, and permits a dangerous growth in state power.
“Monetary inflation confers no general social benefit; instead, it redistributes the wealth in favor of the first – and at the expense of the laggards to the race. And inflation is, in effect, a race – to see who can get the new money earliest. The latecomers – the ones stuck with the loss – are often called the ‘fixed income groups’.”
Murray Rothbard, What has Government Done to Our Money?
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4 thoughts on “How Inflation Enriches Politicians and the 1% | Video”
THE ‘Wealthy’ as a ‘Collective’ ARE particularly USELESS, with a lot of their Life Skills, Failing @ the First level, with NOT being able to ‘Boil an egg’ to save their Pathetic lives! The Higher the Wealth, pro rata, the less ACTUAL Life skill base available.
‘Now then, where’s my 6 Inch Stilettos, so I can jump into my ‘Lambo’ & Drive ‘Practically’, down to the supermarket, to get some Caviar & ‘Bugs’ for tonight’s Soiree!’ LOL.
AND, the CONtrol Junkies, STILL haven’t worked out, (PETS Govts Incl.)That IF you TOTALLY Deprive the Masses, Finally, INEVITABLY, THEY are Coming for what THE WEALTHY ‘Have Got’ – & Screw what ever ‘Security’ You’ve ‘Got’! = Numbers WIN! (Ref; Paris 1790 > 99), & because THE ‘Wealthy’ have ‘Incapacitated’ a reasonable proportion of the ‘Status Quo Class’ – Physically / Phsychologically/ Financially(The Middle class via Jabs, lock Downs, Modest Wealth ‘Interferences’), ‘Moderators’ of such actions will be M.I.A., or just not ‘Give A F#ck, for The ‘Well Resourced Classes’ – ‘Outcomes/Fall’! Note; ‘Elite’ is NOT a correct term for these ‘Social Units’.