Inflation starts slow, but picks up speed as the real value of the money is diluted. In Roman times this was achieved by diluting coinage with other base metals, less expensive to produce, such as tin or lead, in the modern era it is achieved by printing more notes or increasing the supply digitally. The end result is the same: decreasing the utility of money to serve as a measure of value until it is abandoned by the masses. This sounds rather academic, but what is actually taking place is that the elites who control the money printer are using it to steal from everybody else. Inflation is not a victimless crime, it is theft at the grandest scale possible!
Showing: 1 - 1 of 1 RESULTS