Cryptocurrency: Fixes Corrupt Monetary Policy, Ends Criminal Poverty, Restores Economics

[grarpamp]

https://mises.org/library/economic-freedom-and-interventionism/html/p/123

“There is nowadays a very reprehensible, even dangerous, semantic
confusion that makes it extremely difficult for the non-expert to
grasp the true state of affairs. Inflation, as this term was always
used everywhere and especially in this country, means increasing the
quantity of money and bank notes in circulation and the quantity of
bank deposits subject to check. But people today use the term
"inflation" to refer to the phenomenon that is an inevitable
consequence of inflation, that is the tendency of all prices and wage
rates to rise. The result of this deplorable confusion is that there
is no term left to signify the cause of this rise in prices and wages.
There is no longer any word available to signify the phenomenon that
has been, up to now, called inflation. It follows that nobody cares
about inflation in the traditional sense of the term. As you cannot
talk about something that has no name, you cannot fight it. Those who
pretend to fight inflation are in fact only fighting what is the
inevitable consequence of inflation, rising prices. Their ventures are
doomed to failure because they do not attack the root of the evil.
They try to keep prices low while firmly committed to a policy of
increasing the quantity of money that must necessarily make them soar.
As long as this technological confusion is not entirely wiped out,
there cannot be any question of stopping inflation.  -- Ludwig von
Mises"