10.2, Future Currency Changes

Conditions that make further depreciation of the currency and inflation in prices more likely than future appreciation of the currency and deflation in prices more likely. In the Depression of 1920-21, brought about by the rapid reorganization of the economy away from war production, there was serious deflation. Prices dropped through the floor. So did …

10.1, Currency changes social pathology and the state

That the value of the currency fluctuates with such volatility is a sign of the unnaturalness of its cause. No people left to voluntary choice would choose as currency something that depreciated or appreciated with such speed. Aside from that, it is not a mere speculative question of causes. Those causes should take note of …

How to prevent hoarding

Hoarding is a malphemism for “excessive saving”. It’s causes are divergent. Greed could be a cause. Fear of the future could be a cause. Self-restraint could be the cause. A long-term goal that cannot be satisfied except by significant accumulation could be the cause. A disruption of the environment conducive to investment could be the …

Inflation and deflation and the dollar

Some ideas stay on the periphery for years in my mind. But slowly clarity comes. When I think about inflation and deflation I think about dollars. I don’t know why. But these terms are terms about prices, but prices of goods. It is the price of goods that either becomes greater (inflation) or lesser (deflation). …

Notes on Silver

(written at the end of June 2020. I wonder where silver will be at publish?) What in the world? Yes, in the world it is necessary for any increase in trade and savings for something to emerge that plays the role of money. There are criteria: that which serves as money must itself be valuable, …