15 Feb
2016
15 Feb
'16
11 a.m.
On Mon, Feb 15, 2016 at 07:35:58AM +0000, Zenaan Harkness wrote:
A phrase many years ago from a friend of mine: "Inflation is the precise measure of the transfer of wealth from the people to the banks, for the unit of time for which inflation is being measured."
As a side effect, hyperinflation might settle the Merica's debt for a few micrograms of gold. My late grandfather lost hist modest savings in the hyperinflation caused by the transition from "advanced socialism" to "advanced capitalism (aka advanced democracy)". His pension was so low, it wasn't enough for his medications.