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Elazar de Lusignan M.
Academy of Ideas
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Comments by "Elazar de Lusignan M." (@Elazar40) on "How Inflation Precipitates Societal Collapse" video.
Currency is printed... MONEY is minted. Whereas currency is a conveyance of a claim upon value, MONEY is THE VALUE. Only with true MONEY, may a value-for-value exchange be made. For decades now, what is called MONEY and DOLLARS are neither.
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So-called "inflation," does not "increase" prices, it deflates the purchasing power of labor and saved earnings.
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