Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Errr, so?
Whether or not there is a reason to issue them, they do exist.
Even if they suddenly disappeared, my point remains -inflation would only eat away wealth that is in bank acocunts or non-inflation protected bonds (all bonds in that hypothesis). Direct ownership of productive assets, land, claims over future production would not be affected.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
by Cyrille (cyrillev domain yahoo.fr) on Sat Jan 21st, 2012 at 06:23:36 AM EST
[ Parent ]

Others have rated this comment as follows:


Top Diaries

Occasional Series