Anthony Reinach

AReinach@thefreemanonline.org

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Demand Deposit Inflation

JANUARY 01, 1968 by ANTHONY REINACH

Anthony Reinach tells why we must expect to be taxed by inflation until we learn to curb deficit spending by governments.

CURRENT ISSUE

December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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