garynargi

We Will Be Told Hyperinflation is Necessary, Proper, Patriotic, and Ethical

In Uncategorized on January 13, 2014 at 4:44 am
We Will Be Told Hyperinflation is Necessary, Proper, Patriotic, and Ethical
Each round of money printing eventually feeds back into the price system, creating demand for another round of money printing, and another, with each increase larger than the previous one. The law of diminishing marginal utility applies to money as it does to all goods and services.
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