Austro-Libertarian Natural Order Philosophy From Indyeah

Individualistic Austro-Libertarian Natural Order Philosophy From Indyeah

Monday, May 5, 2008

If Gold Was Money...

If gold and silver were money, no government could do this:

Read about Zimbabwe’s hyperinflation
here.

They have now issued a $250 million note!

Inflation is at 165,000 per cent!

Everyone there is screwed.

Government paper money and Keynesianism should be called INFLATIONISM.

Just that some governments inflate less than others.

But they all inflate anyway.

This inflation should NEVER be called a ‘rise in prices’.

It is always a ‘fall in the value of the paper money’.

Read earlier post: “
Paper Money Is Unislamic”.

1 comment:

  1. Sauvik,
    Read these moronic articles by Swaminathan Aiyar

    http://economictimes.indiatimes.com/Opinion/Columnists/Swaminathan_S_Anklesaria_Aiyar/India_disproves_Friedman_on_inflation/articleshow/msid-2956991,curpg-2.cms

    http://economictimes.indiatimes.com/Opinion/Columnists/Swaminathan_S_Anklesaria_Aiyar/RBI_cannot_focus_on_inflation_alone/articleshow/msid-3016685,curpg-2.cms

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