Tuesday , January 26 2021
Home / Frank Shostak /How Central Banks Destroy Money’s Purchasing Power

How Central Banks Destroy Money’s Purchasing Power

Summary:
Without a monopolist central bank, market forces would restrain the issuance of bank notes. But once central banks monopolize money creation, wealth is systematically transferred to the central bank and the privileged few who are favored by the state. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: ...

Topics:
Frank Shostak considers the following as important:

This could be interesting, too:

Don Boudreaux writes More Precision-Aimed Passion by MP Charles Walker

David Stockman writes Orange Man Gone: Why “Energy Independence” Wasn’t The Donald’s Doing, Part 3

Don Boudreaux writes Some Covid Links

Don Boudreaux writes Quotation of the Day…

Without a monopolist central bank, market forces would restrain the issuance of bank notes. But once central banks monopolize money creation, wealth is systematically transferred to the central bank and the privileged few who are favored by the state.

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.

Original Article: "How Central Banks Destroy Money's Purchasing Power​".

Leave a Reply

Your email address will not be published. Required fields are marked *