Conversation
Notices
-
Embed this notice
Luther explains the American economy quite well.
Never forget that intentional inflation is a more powerful weapon than usury for robbing a people. Both are used by the arch-thieves of course, but if you want to bring a nation to its knees then inflation is far more deadly.
-
Embed this notice
@SuperLutheran Nobody understands compounding anything, so it makes sense that inflation is poorly understood. Every dollar is halved in 20 years ago a 3.5% inflation rate, which is pretty realistic if you look at real estate valuation ∆.