Academy of Ideas - The Uncensored Truth about Inflation: How Inflation Enriches Politicians and the 1%

See https://theacademyofideas.substack.com/p/the-uncensored-truth-about-inflation:

"Central banks have spent decades flooding the global economy with newly created money. We are told this policy, or what is called a monetary inflation, is needed to stimulate economic growth and to keep unemployment low, but like so many of the justifications that politicians and bureaucrats offer for their actions, this one is a lie. For as we will explore in this video a rapid expansion of the money supply is economically destructive; it impoverishes the poor and middle class, exacerbates wealth inequality, permits a dangerous growth in state power, and sets an economy up for a crash. The real reason those in government favor the policy of a monetary inflation is because it is an effective means to transfer wealth from the citizens to the state."

Subscribe to Academy of  Ideas.

For more on the money supply and inflation, see this excellent interview: Kim Iverson and Richard Werner and watch this excellent documentary Princes of the Yen:


Subscribe to Independent POV.

Comments

Post a Comment

Popular posts from this blog

Live Science - Leonardo da Vinci's Ancestry

Image
... and his posterity too? See  On Communication in Linear Time And Hypertext And The Gospel of Sophia . So it looks like El Cielo of the cistine [sic!😂] chapel is not the limit anymore.  I think I just met one of his descendents. A guy called Versailles Toledo who is from Chiapas. That might explain the murals I mention in my recent untitled post , just before the post mentioning this video. I also just took this photo of Rafael Gonzales, born here in Tecate, B.C., who told me about a spring near here called Agua Fría , half way from Tecate to Loma Tova , where, a few decades ago, people used to go to have barbecues and stuff, but now he thinks it may be private land. If someone reading this has a Facebook account, please write a link to this post onto his FB page. To see why I took the photo, look at his T-shirt and the horse-shoes and ponder this: Subscribe to BeatrizER and her video(s?) about mathematical logic, ... Sounds like Edith (II) Rix has been online all the t...
Read more

David Turner Obituary by Sarah Nicholas Fri 24 Nov 2023

Image
This was in The Guardian: David Turner obituary , only eight days after I posted  David Turner Talking About Sixty Years of Functional Programming History : This talk was given in London in 2017: See  Turner, D. A. "Some History of Functional Programming Languages" also  John Hughes - Why Functional Programming Matters  and David MacQueen's talk at ICFP 2015 in  Numberphile - Sophie Maclean on the Catalan Numbers . At 10:30 This whole discussion abut combinator reduction is especially interesting. I didn't know Arthur Norman had tried building hardware for combinator machines. I'll look that up: maybe start here A.C. Norman  Faster combinator reduction using stock hardware  in LFP '88: Proceedings of the 1988 ACM conference on LISP and functional programming. At 26:25 on the ISWIM virtual machine implemented in the PAL compacting garbage collector?! This work Reynolds and others did was at MIT in Masecheusetts and Argonne National Laboratory ...
Read more