The Problems with Price Inflation | The Twilight of Gold Series | Episode 11 (WiM182)
The "What is Money?" Show
00:00
Is This a Fraud? Is It an Incremental Self Deception?
We left off talking about the 18 % inflation and pay pay rays for coal miners im in the first year of world war one. We keep nominally, we keep printing money to nominally pape over our problems, but it does not solve any real economic problems whatsoever. And that'swhatl we have today, that is where we are at to day. I don't think this was planned in 19 13, ligo, we're going to push them all the way into this dark corner in a hundred years, or a hundred plus years. It's just an a sequence of individual economic actors exploiting loopholes available to them. Right ofthat manifest is just printing money to cover up bad
Play episode from 34:29
Transcript
