With inflation, some recipients of money―those closest to the inflation process―are more equal than other recipients. From Lennarts Wagemans at mises.org: Many claim the problem with fractional reserve banking is that it loans money into existenc… Read on blog or Reader STRAIGHT LINE LOGIC Read on blog or Reader Inequality is caused by inflation, by Lennarts Wagemans By Robert Gore on July 28, 2024 With inflation, some recipients of money―those closest to the inflation process―are more equal than other recipients. From Lennarts Wagemans at mises.org: Many claim the problem with fractional reserve banking is that it loans money into existence. It does, but under normal circumstances the money created by commercial banks disappears when loans are repaid or defaulted […] Continue reading Comment Like You can also reply to this email to leave a comment.

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