In 1919, the English economist John Maynard Keynes called inflation a means by which "governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens." If allowed to run out of control, the falling value of currency turns "the process of wealth-getting...into a gamble and a lottery."
from CNN.com - RSS Channel - US https://ift.tt/3FegCfA
Subscribe to:
Post Comments (Atom)
Mark Sanchez, Ex-NFL Quarterback, Is Injured in Stabbing
Fox Sports, the network where Mr. Sanchez works as a commentator, said he was in stable condition. from NYT > Top Stories https://ift.t...
-
Privacy groups sounded alarms about the coin-sized location-tracking devices when they were introduced. Now people are concerned those fears...
-
NYU's Gary Marcus tells "Nightcap's" Jon Sarlin why he signed an open letter calling for a six-month pause on AI developme...
-
A church Instagram post tapped into a long-running seam of discontent among some women, who have chafed at restrictions. from NYT > Top...
No comments:
Post a Comment