The economic question is whether savers have a right to appreciation of currency

The economic question is whether savers have a right to appreciation of currency at expense of those not yet able to save. The answer has been ‘no’ because it’s self defeating. Conversely do savers have a right to preservation of purchasing power. The answer has been ‘no’ because there are other assets to invest in. And finally, those who construct long term agreements (contracts) have a right to stable purchasing power. The answer has been no, and they can accomodate for it. Of these reasons only the last has meaningful economic merit. The stability of purchasing power must not interfere with the production cycle.

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