Deflation empowers the citizen by allowing her modest savings to purchase more goods over time. Inflation empowers the state by reducing the size of its enormous debts in real terms—and through the inflation tax.
Kyle Ward
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Kyle Ward (@dkyleward) is a data scientist with degrees in engineering and statistics. He uses machine learning and econometrics to inform transportation and redistricting decisions. He avidly consumes all things Mises institute on his (almost) daily runs.
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For nearly a century, the state and its various allies have propagandized generations of college kids into believing that falling prices are a detriment to society. This would seem a difficult task...
Peter Schiff is a well-known critic of bitcoin, and while he is an excellent resource on many economic and political topics, he misses the mark on cryptocurrency.
