Inflation and Hyperinflation
March 15, 2011 at 12:45 PM EDT
Bankruptcies of governments have, on the whole, done less harm to mankind than their ability to raise loans. —R. H. Tawney, Religion and the Rise of Capitalism, 1926 By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. —John Maynard Keynes, Economic Consequences . . . → Read More: Inflation and Hyperinflation