inflation

By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some.

-John Maynard Keynes

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from Bitcoin - The Currency of the Internet https://ift.tt/R7yrwkl

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