grey on Nostr: 100%. The business of central banking is to subtly and gradually confiscate wealth ...
100%.
The business of central banking is to subtly and gradually confiscate wealth via inflation. But they also risk pushback if they inflate too hard.
What they’ve figured out is that people are the least tolerant of price inflation for food and energy. Revolutions happen when the price of food shoots up, not when the price of furniture shoots up.
Therefore, the State will go to great lengths to make sure the price of food and energy is under control. This leads the State to advocate for lower quality sources (seed oils, plant-based foods, soy etc) to keep these prices from rising too fast.
The business of central banking is to subtly and gradually confiscate wealth via inflation. But they also risk pushback if they inflate too hard.
What they’ve figured out is that people are the least tolerant of price inflation for food and energy. Revolutions happen when the price of food shoots up, not when the price of furniture shoots up.
Therefore, the State will go to great lengths to make sure the price of food and energy is under control. This leads the State to advocate for lower quality sources (seed oils, plant-based foods, soy etc) to keep these prices from rising too fast.