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Ampleforth

@ampleforthorg

A decentralized unit of account.

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linkhttp://ampleforth.org calendar_today13-02-2018 22:09:12

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Ampleforth
@ampleforthorg

5 months ago

Inflation is a feature, not a bug. Central banks like the US Fed target 3-4% inflation to “stimulate spending”. But what they’re really doing is quietly taxing fiat savers. Since 1913, the dollar has lost over 97% of its value. I.e., $100 saved in 1913 buys just $3 worth

Inflation is a feature, not a bug. Central banks like the US Fed target 3-4% inflation to “stimulate spending”. But what they’re really doing is quietly taxing fiat savers. Since 1913, the dollar has lost over 97% of its value. I.e., $100 saved in 1913 buys just $3 worth