On Inflation
Billy Beck reprints a short essay he wrote about the underhanded theft of inflation.
It's really very simple in the basics: when there is more currency, it's worth less, and there are all kinds of political reasons why governments do this sort of thing in order to make themselves look good. Here's the thing: a commodity like gold is not subject to that kind of fraud. That's why a commodity-based currency -- whose value is related to something that people actually value -- is important to sound economics.
Previous Posts:
The Notebooks of Lazarus Long
Monetary Reform: The Beginning Of The Beginning
Hiroshima, Nagasaki, and the U.S. Terror State
Debt Ceiling and Default
Furiousgate
Political Metrics
The Priorities of the Damned
AES for Password Hashing
The Most Dangerous Word in the World
An Efficient and Practical Distributed Currency