Did you know that war has always been paid for through currency debasement?
http://inflationdata.com/inflation/Inflation_Articles/Inflation_War.asp
The very nature of War results in the destruction of goods. But in normal times money is spent to produce goods which makes the world a richer place.
During a war, however, things are produced but… they are not productive things but destructive. The money is spent to destroy things. Often this is combined with an increase in the money supply in order to pay for the… Continue reading
Categories: Trivia Tags: alexander the great, american colonies, ancient persia, anglo saxons, Coins, continental currency, duke of normandy, earliest civilizations, greek army, inflation, mercenaries, million dollars, money supply, napoleon, norman invasion, normandy, raising money, revolutionary war, war results, william the conqueror
If liberals are so smart why don't they know our Progressive economic system funds war?
http://inflationdata.com/inflation/Inflation_Articles/Inflation_War.asp
Wars almost by definition are inflationary. This has been true since almost the beginning of time.
Inflation is determined by the quantity of goods vs. the available money supply.
See The Definition of Inflation
The very nature of War results in the destruction of goods. But in normal times money is spent to produce goods which makes the world a richer place.
During a war… Continue reading
Categories: Trivia Tags: alexander the great, american colonies, ancient persia, anglo saxons, base metals, beginning of time, coin of the realm, continental currency, definition of inflation, duke of normandy, earliest civilizations, greek army, mercenaries, money supply, napoleon, norman invasion, normandy, raising money, war results, william the conqueror
