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The crime of inflation. (Worth Repeating).(Brief Article)
The damage done by inflation isn't caused by the merchant who raises his prices or the working man who seeks higher wages. The crime of inflation is committed by whatever agency (or agencies) increases the amount of currency.
When the amount of currency is increased, the value of currency already in circulation is cheapened. All business is conducted in what amounts to an auction. If everyone at the auction is suddenly given additional dollars, the bids for goods will rise. ...
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Source: HighBeam Research, The crime of inflation. (Worth Repeating).(Brief Article)