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Uncommon Sense

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Inflation betrays creditors

If the governments devalue the currency in order to betray all creditors, you politely call this procedure ‘inflation.’

Author Greg RavenPosted on August 9, 2012November 1, 2018Format QuoteCategories economicsTags George Bernard Shaw

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“Perhaps the sentiments contained in the following pages, are not yet sufficiently fashionable to procure them general favor; a long habit of not thinking a thing wrong, gives it a superficial appearance of being right, and raises at first a formidable outcry in defense of custom. But the tumult soon subsides.” — Thomas Paine

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