Socialism, Not Debt, Begets Inflationary Collapse

“An inflation always creates winners and losers, redistributing wealth.” – Robert L. Bartley, The Seven Fat Years By John Tamny In 1819, England’s debt-to-GDP ratio reached 261%. Think about this number for a moment. And in particular, think about it through the prism of accepted economic wisdom today… It’s a reminder that when we focus […]
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