HARRY 3 on Nostr: From the “Sovereign Individual “ Arbitrary inflation has been a prominent feature ...
From the “Sovereign Individual “
Arbitrary inflation has been a prominent feature of the monetary policy of all 20th century nations states.
Eg the German mark lost 71% of its value from 1949 to 1995.
Same period USA $ lost 84% of its value.
It is a tax on all who hold the currency.
“The new digital money of the information age (Bitcoin)will return control over the medium of exchange to the owners of wealth, who wish to preserve it, rather than to Nation States that wish to spirit it away.”
Page 217.
Arbitrary inflation has been a prominent feature of the monetary policy of all 20th century nations states.
Eg the German mark lost 71% of its value from 1949 to 1995.
Same period USA $ lost 84% of its value.
It is a tax on all who hold the currency.
“The new digital money of the information age (Bitcoin)will return control over the medium of exchange to the owners of wealth, who wish to preserve it, rather than to Nation States that wish to spirit it away.”
Page 217.