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October 6, 2012 at 10:59 am
#17187
Participant
That’s the reason the politically connected bankers and politicians will never adopt such a policy. The entire point of monetary inflation from their perspective is to enrich themselves at the expense of the rest of us.
Guido Huelsmann explains it in his book, The Ethics of Money Production.
http://library.mises.org/books/Jorg%20Guido%20Hulsmann/The%20Ethics%20of%20Money%20Production.pdf