pull down to refresh
Define peasant rebellion
reply
High rates of inflation often lead to civil unrest, which can be very dangerous to those at the top.
reply
Civil unrest is not dangerous for people at the top (Freedom and peace is)
reply
Gaddafi would beg to differ if he hadn't been sodomized to death during civil unrest.
reply
Clearly he was not at the top
reply
We're just talking past each other, if you don't consider a dictator to be at the top.
reply
deleted by author
The elites don't hold dollars. They hold dollar denominated assets that rise in real terms during inflation. This is why we have an inflationary monetary system.
If they choose to combat price inflation, it will be out of fear of a peasant rebellion.