"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Why Money Printing Makes You Poorer
Submitted by Westernerd on Thu, 2013-04-11 03:00
Real demand depends on real earnings, not more currency. People buy things by producing things. That's "Say's Law," named after Jean-Baptiste Say. Buying power − or demand − comes from production, not pieces of paper.
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