Inflation (popular these days)

Inflation is the creation of new money units, and with trade deficits, budget deficits and galloping loans, it leads to generally higher prices. Also in USA, with the dollar. Generally higher prices is the same as lower money value.

Inflation moves resources from the value creating public to the people near the money spigot. It prioritizes spending and diminishes savings. It destroys capital which is the source of productivity. It impoverishes the society.

Survival of the government is the government's purpuse. It lives off the constituency using taxes, loans and inflation. When all sources of income are exhausted, it implodes.

submitted by /u/ErdoganTalk to r/btc
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Quelle: bitcoin-en