The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians.
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- If a government resorts to inflation, that is, creates money in order to cover its budget deficits or expands credit in order to stimulate business, then no power on earth, no gimmick, device, trick β¦ βΆ
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- Government can't give us anything without depriving us of something else.
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