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To: FredZarguna

Inflation is not caused by the actions of private citizens,
but *by the government*: by an artificial expansion of the
money supply required to support deficit spending.
No private embezzlers or bank robbers in history have ever
plundered people’s savings on a scale comparable to the
plunder perpetrated by the fiscal policies of statist
governments.

AYN RAND


51 posted on 11/12/2008 1:41:28 AM PST by HuntsvilleTxVeteran (Obama, Change America will die for.)
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To: HuntsvilleTxVeteran
Isn't it interesting that Rand had this idea when there were people who still thought that inflation was a matter of over-supply, declining productivity, wage-price pressure, fiscal policy, and gawd knows what else, and that Friedman's correct explanation for inflation being entirely a matter of monetary policy ultimately goes back to her?

Now that we've settled that issue, it's time for people to understand how poisonous and manipulative altruism is. How it's essentially a con game that only priests and politicians can win, and the rest of us lose -- and lose big.

106 posted on 11/12/2008 9:52:56 PM PST by FredZarguna (And please, no more Vanities that are Goedel Sentences.)
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