Frank Shostak
Inflation is the increase in the money supply
How do you like it when someone is exchanging nothing for something? Kings did it in the past and we are doing it at the moment in massive scale as well. Money and Inflation: The Tendency to Deny Reality by Frank Shostak.
Legal counterfeiting
Printing money does not increase the amount of products and services available in the market. It only increases the prices in the long term, in the short term it creates an illusion of increased wealth before the slow adjustment of prices catch up. “The services money renders are conditioned by the height of its purchasing [...]
What is money?
“A society is decaying as long as it focuses on money, which is the effect, and disrespects the cause, the producer. Money is the symbol and fruit of labour, and it should be appreciated as such. It represents the productive potential, but it is not the potential: in short, money is ‘dead’ in a sense [...]