Rulers found out early on that they could debase gold and silver coins for their own gain. As a consequence, the money supply increased, whereas money’s purchasing power fell. This pseudoalchemy is the true definition of inflation and has been a policy for more than a thousand years .
What’s more, an increase in the money supply leads to rising prices. This symptom of inflation is often mistaken as inflation itself. The correct term, though, is price inflation . Moreover, inflation creates boom-bust cycles and redistributes wealth, which results in winners and losers.
In a world of governments, inflation is inevitable since it is advantageous to the ruling class. Though we can’t escape this dreadful disease, we can learn to better deal with its symptoms—starting with knowledge.
Hence, I would like to share some insights I wish I had learned before the massive covid money pumping began in 2020. Click here […]
Read the Whole Article From the Source: www.infowars.com
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