Author Topic: The Cause And Cost Of Inflation  (Read 22 times)

Offline Wake-up!

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The Cause And Cost Of Inflation
« on: November 28, 2019, 08:23:36 am »
From; Doug Casey at International Man

"The point is not that rich people are bad guys (the political hacks who cater to them are a different question). It is just that in a heavily regulated, highly taxed, and inflationary society, there’s a strong tendency for the rich to get richer at the expense of the poor, who are hurt by the same actions of the government.

Always, and without exception, the most socialistic, or centrally planned, economies have the most unequal distribution of wealth. In those societies the unprincipled become rich, and the rich stay that way, through political power. In free societies, the rich can get richer only by providing goods and services others want at a price they can afford."

Read more here;  https://www.lewrockwell.com/2019/11/doug-casey/doug-casey-on-the-destruction-of-the-dollar/
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