When predicting the future, we’re best served by following “what benefits the wealthy and powerful,” as that is the likeliest outcome.
This contrarian sees a strong consensus around the notion that hyper-inflation is the inevitable end-game of nation-states / central banks issuing fiat currencies, i.e. currencies that are not restrained by being pegged to tangible assets such as gold reserves. The temptation to issue (via “printing” or borrowing new currency into existence by selling sovereign b...
Published on May 27, 2024 21:01