Regarding inflation.
Inflation, if arbitrary (discretionary), forces an involuntary discount on creditors, and an involuntary discount on savers. And transfers this discount to the next generation of creditors, at the expense of prior, while penalizing savers and transfering their foregone consumption to others.
Now, it is not clear however that one has any more right to the constancy of the supply of money any more than any other good.
Source date (UTC): 2016-08-20 10:22:00 UTC
Leave a Reply