Ron Paul – Does anyone have the right to appreciation of the value of currency? Or even the stability of the price of Currency?

–“How can a government, that’s $28 trillion in debt, spend trillions of dollars that it does not have? Well, one major way is the Federal Reserve creates money-out-of-thin-air and then ‘loans’ it to the government by buying the government’s bonds.”– Ron Paul

RON:

Serious Questions:

1. What right do savers have to the preservation of the purchasing power of a fiat currency?

2. What right do lenders have to the preservation of the purchasing power of debt+interest?

If these gains are obtained at the expense of supply.

AFAIK, none.

4. Why does anyone have a right to produce an artificial scarcity?

5. the only answer to this question is:

… a) contractual frictions created for business velocity (production cycles),

… and;

… b) friction on the ability to save for retirement.

So 6) Is (a) true? And can (b) be solved?

Science not philosophy, ideology, or sophistry.