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68 sats \ 0 replies \ @halalmoney 14 Oct \ on: China's Deflationary Spiral: A Threat to Global Fiat Currency Systems? econ
Oh, the irony:
“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, Governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some….”
https://www.economicsnetwork.ac.uk/archive/keynes_persuasion/Inflation.htm