It is easy to accelerate inflation in today’s government-run fiat-money system. Here, commercial banks hold the state-granted privilege of increasing the money supply through extending loans to, or buying assets from, nonbanks. For doing so, however, banks are required to hold base money, over which the central bank wields monopoly power.
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Inflation Is a Policy that Cannot Last
Downward Dollar Delivers Blow to Outsourcing
The slowdown of the American economy and the ensuing devaluation of the US dollar deliver gloomy headlines as timely as weather forecasts. The weakening currency may excite entrepreneurs anticipating increased exports. As well, it might have a stimulating effect for American professionals who are paid in return for our services.
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