Source: Cobden Centre
by Artis Shepherd
“In our bureaucratically-managed economy, financial prosperity increasingly depends on how close one can position himself to the dissemination of newly-created money. Understanding this critically means identifying the link between this ‘prosperity’ and newly-created money. Since creating money from nothing can’t possibly be productive, or enhance wealth in any real way, there is no direct link to prosperity. The connection must be indirect, and indeed it is. The federal government’s persistent deficit and the Federal Reserve’s inflation policy necessitate continuous money creation. This new money enters the economy unevenly, benefiting early recipients who can spend or invest at current prices. As this money flows into specific sectors or assets, prices rise. Those with early access gain significantly, while others face relative wealth decline.” (09/03/24)