Evil monetary policy

Timothy Kiefer
Mar 26, 2021

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I’m not being hyperbolic.

If something literally steals from you the only thing that is irreplaceable, your life, what would you call it? It’s definitively evil.

Our income, money — US dollars for everyone I know — is a measure of our time. It’s a result of decisions, sacrifice, risk, and work.

So, when the issuing agency prints trillions more dollars, unbacked by anything of real value like the rest, it devalues the savings of anyone holding the currency. It instantly robs life from those people. (Whom, by the way, are holding it in the first place by coercion of various laws and international war.)

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Timothy Kiefer
Timothy Kiefer

Written by Timothy Kiefer

bootstrapper, soil farmer, urban agriculture professional || perennial.city

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