As many of you are aware, getting the inflation-deflation argument correct is probably the most important element in protecting yourself and your family as we go through the next decade.
An article by Chris Pavese entitled Inflation and Monetary Regimes may be helpful in that regard. It appeared on Zerohedge today and began with the following quote:
“Inflation presupposes the existence of money, which evolved as an unplanned social institution by a number of inventions and innovations during a period of perhaps 2500 years . . . It follows that inflation cannot be older than money. But if seems that especially rulers soon detected the potential to increase their revenues by tampering with its value . . . The damage and suffering caused by inflation during the course of history are enormous. Still, the worst excesses of inflation occurred only in the 20th century. This development was a consequence of the further technical development of money from coins to paper money and book money together with changes in the monetary regime or constitution ruling supply and control of money.”- Peter Bernholz, “Monetary Regimes and Inflation”
Markets, Democracy and Socialism
How Does It Happen?
History: Monetary Cranks
John Williams of Shadowstats
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