reidwalley on Nostr: Inflation is fraud. Inflation is defined as: an increase in the money supply (per ...
Inflation is fraud.
Inflation is defined as: an increase in the money supply (per Austrian Economics)
Fraud is defined as: a deliberate and intentional act of deceiving or misrepresenting information to induce another person or entity to part with something of value.
Money-printing misrepresents information about the purchasing power of your money. And what you've been suckered into parting with is the original time and energy you put into working in exchange for money.
Hence, inflation is fraud.
Inflation is defined as: an increase in the money supply (per Austrian Economics)
Fraud is defined as: a deliberate and intentional act of deceiving or misrepresenting information to induce another person or entity to part with something of value.
Money-printing misrepresents information about the purchasing power of your money. And what you've been suckered into parting with is the original time and energy you put into working in exchange for money.
Hence, inflation is fraud.