Sunday, June 15, 2014

Inflation myth: foreigners cause it

Every notable nation in the world has inflation. Every nation blames it on foreigners. Does kicking foreigners out solve the problem? No! Merely shuffling people around between nations do not kill inflation. 

Inflation is the result of the current world monetary system, which is about 43 years old. Inflation is not caused by people. It is caused by money printing. You shuffle people around the world, but the paper money is still around to bid up prices.

On a side note, expect a change in the world monetary system soon. It has changed 3 times in the 20th century. The first change in the 21st century is not far off into the future.

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