Inflation in a Nutshell
by R. J. Rushdoony
Inflation
is an act of state, a very highly desirable act of state from the
The rise of the modern totalitarian state has its economic origin in the abandonment of gold coinage for paper money.
As
the creator of fiat money, of instant money by means of legalized
counterfeiting of wealth, the state is always the wealthiest and most
powerful force in society.
As inflation increases, so too does
the power of the state. Every civil government thus has a vested
interest in inflation. For a state to halt inflation is to diminish its
power.
The cry, "Stop inflation," is another way of saying,
"Castrate the State," and no state or bureaucracy has yet favored its
own castration.
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