To Attack the Root of Evil, Fix the Money

Source: Libertarian Institute
by Jp Cortez

“This is your brain on fiat monetary systems and central banking: price inflation is caused by everything except for printing loads of new money. If Senator Warren believes that prices increase because of the greed of price gouging companies, does she believe that when prices fall, it is the result of corporate benevolence? Business obviously have an incentive to contain their costs. But when they have to pay more for raw materials, transportation, and labor, they have no choice but to pass those rising costs onto customers. Supply chain disruptions and other factors can contribute to rising retail prices in specific categories. The oversupply of the currency itself, however, is at the root of the inflation problem. Too many dollars chasing too few goods translates into broadly rising price levels. The White House doesn’t seem to grasp this basic lesson either.” (01/13/22)

https://libertarianinstitute.org/articles/to-attack-the-root-of-evil-fix-the-money/