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Tuesday, January 20, 2015

Larceny in the Heart: The Economics of Satan and the Inflationary State

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January 20, 2015 
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.