Funky Dung
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random thought of the moment:
If a government resorts to inflation, that is, creates money in order to cover its budget deficits or expands credit in order to stimulate business, then no power on earth, no gimmick, device, trick or even indexation can prevent its economic consequences.
— , “’Indexing’: The Wrong Way Out” in The Freeman [May 1977]
July 18th, 2002 by Funky Dung
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