More once we have talked here about how inflation is tax, how to have a redistributive effect in the direction clear and unequivocal that is closer to the newly created new money and central banks to inject into the economy through banking cartel. But who loses? This news gives an important clue about:
42% of English savings accounts remains unpaidIn short savers.
Every time the ECB on a computer creates a new Euro, the Euro and the power saver is not sophisticated under the mattress or in a current account lose value, that value who receives it has the opportunity to use money first, before spend forward the information market that more euros available to spend, with resulting high prices .
For why in those countries that have experienced rapid inflation have seen the destruction of its middle class : in interwar Germany, Russia and France before their respective revolutions, Argentina, Brazil .... and hundreds more.
is a particularly harmful, since the reaction is rational and informed not saving, and saving and capital accumulation allowing for sustainable economic growth and wealth creation.
No more simply explained by Rothbard in his book
" What Has Government Done to Our Money? "
NEW:
Another good example
inflation devours income of 4 million pensioners with incomes below 600 euros per month
0 comments:
Post a Comment