By George F. Smith
December 24, 2025
Bad ideas are sometimes the hardest to de-throne, especially those occupying prominence in monetary theory. Its probably accurate to say most people think of money as the paper currency printed by governments. And it is money in the sense that it functions as a medium of exchange, but is it sound, is it vulnerable to inflation?
To carry on and expand its many interventions, the state needs a currency that allows it to steal wealth without most people noticing.