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MyMorningMacro6d ago
“War is the health of the State”, but fiat money is its lifeblood. Strip a government of its central bank, and you have stripped it of its capacity for unlimited warfare. The cost of printing money!
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MyMorningMacro6d ago
War is expensive. Fiat money makes it free. At least, free for the politicians and the war profiteers who get the new money first. Everyone else pays in blood and bread.
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