C
ChunkMonk
Guest
That’s better. At least you’ve actually quoted me.
Stealing the wages of workers is considered a great moral evil by God. Purposeful inflation does steal the wages of workers by devaluing their wages and savings, so that the dollar they make and save now is worth less in the future, sometimes significantly so.
It has nothing to do with libertarianism, as deliberate inflation has always been seen as a great evil, even in times when the currency was hard metal and the inflation was caused by cutting the silver with tin. It robbed the workers and traders of their wealth, so as to enrich the government and allow for spending outside their means. It still does so.
Now, one could possibly make the argument that said inflation is not a specific policy and just an unfortunate natural result of our system of government and by fiat currency, and that would be a legitimate argument to make. The argument that “Caesar has the right to devalue your currency.” is not legitimate.
Stealing the wages of workers is considered a great moral evil by God. Purposeful inflation does steal the wages of workers by devaluing their wages and savings, so that the dollar they make and save now is worth less in the future, sometimes significantly so.
It has nothing to do with libertarianism, as deliberate inflation has always been seen as a great evil, even in times when the currency was hard metal and the inflation was caused by cutting the silver with tin. It robbed the workers and traders of their wealth, so as to enrich the government and allow for spending outside their means. It still does so.
Now, one could possibly make the argument that said inflation is not a specific policy and just an unfortunate natural result of our system of government and by fiat currency, and that would be a legitimate argument to make. The argument that “Caesar has the right to devalue your currency.” is not legitimate.