Comments by "k98killer" (@k98killer) on "" video.

  1. I have been reading through Ludwig von Mises' Theory of Money and Credit again recently. I am just over halfway through; it is quite a tome. In Part II, Mises explains how an abundance of money causes greater dearness (scarcity) in everything else through falsifying the economic calculation needed for capital creation through profitable production; through inflation, the state consumes the capital of the community. He also explained how the future-discounting function of the market causes the result of inflationary policies to be, paradoxically, a lack of adequate money to conduct commerce at previous levels: since the expectation is that the currency acquired in the morning will get less in exchange in the evening, prices rise high fast enough that commerce is choked out because those who would purchase no longer have enuugh money to compensate the would-be commercial parties for the expected devaluation. Inflationary policies thus erode the economy to the point of inevitable destruction.
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