The Wealth Redistribution Scam that Is “Inflation”

the-wealth-redistribution-scam-that-is-“inflation”

25-12-19 06:49:00,

Authored by Thortsen Polleit via The Mises Institute,

The world over people are told that central banks pursue “price stability” by making sure that consumer goods prices do not rise by more than 2 percent per annum. This is, of course, a big sham. If the prices of goods rise over time, it does not take that much to understand that prices do not remain stable. And if the prices of goods increase over time, it necessarily means that the purchasing power of the money unit declines.

As money loses its purchasing power, income and wealth are stealthily redistributed. Some individuals and groups of people are enriched at the expense of others. Savers and workers are swindled out of their deserved income and retirement benefits, while those who own goods that rise in value or who borrow money typically reap a windfall profit. Clearly, the banking industry is a major beneficiary of monetary debasement.

“Inflation” Is a Rise in the Quantity of Money

Central banks are the very source of the phenomenon that all prices of goods tend to rise over time. They hold the money production monopoly and increase — in close cooperation with commercial banks — the outstanding quantity of money through credit expansion, an increase in the supply of credit that is not backed by real savings. It goes without saying that it is rather profitable to be active in the money-production business.

The increase in the quantity of money results, and necessarily so, in higher prices compared to a situation in which the quantity of money has not been increased. This is no arbitrary assertion but stems from logical reasoning: a rise in people’s money holding lowers the marginal utility of the additional money unit, meaning that the marginal utility of other goods that can be exchanged against money rises.

Consider the case in which the quantity of money in the hands of market agents rises. People will then exchange money balances (which have, from the viewpoint of the money holder, lost in marginal utility) against other vendible items (which have gone up in marginal utility). As people exchange money units against other goods, money prices go up (compared to a situation in which the quantity of money has not been increased).

 » Lees verder

Wealth Redistribution Through Climate Activism | Piers Corbyn Interview

wealth-redistribution-through-climate-activism-|-piers-corbyn-interview

07-11-19 07:04:00,

I interviewed Piers Corbyn, scientist, activist and brother of Jeremy Corbyn, about the current political quagmire.

Follow me on Bitchute: https://www.bitchute.com/profile/JnQkBKkHmwuP/

Follow me on Telegram: https://t.me/sargon_of_akkad

You can support me via:
Paypal: https://www.paypal.me/sargonofakkad
SubscribeStar: https://www.subscribestar.com/sargon
Merch: https://teespring.com/en-GB/stores/sargon-of-akkad
Bitcoin: 3F88QMRVaNdHqcufuQB2jRq6j3szR5Uddh

Other social media:
Gab: https://gab.com/Sargonofakkad100
Minds: https://www.minds.com/Sargon_of_Akkad
Facebook: https://www.facebook.com/sargonofakkad100/

Share this:

Vind ik leuk:
Like Laden…

 » Lees verder