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To: MtnClimber
central banks ostensibly pursue policies that will produce relatively low inflation...

Central Banksters manage money growth and pursue a policy of some value of inflation, as part of the paradigm of currency is it being debt, interest paid to the central banksters to reward them for creating that money supply.

With a PM-backed monetary system, there would not be the inflation that we have now.

5 posted on 06/29/2023 5:44:17 AM PDT by C210N (Everything will be okay in the end. If it’s not okay, it’s not the end.)
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To: C210N
With a PM-backed monetary system, there would not be the inflation that we have now.

True, but we might well have deflation, which has its own set of problems.

6 posted on 06/29/2023 6:22:34 AM PDT by marktwain
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