We observe that the little guy gets the shaft, always.

And when the inflation machine is working, who loses? Ultimately, this is not an economic question, but an aesthetic question. The whole world, not America, is on the dollar standard; the whole world experiences monetary dilution; the world’s rich live by printing money, then spending it on goods and services made by the world’s poor.

This, in the 21st century, is “capitalism.” This is the inflation economy. It’s really not so different from the late Roman Empire. That lasted a long time, too.

And if you think the world’s economy should work some other way—you have to explain how, instead, it should work. And then you have to figure out to get it there.

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