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Inflation: The Soviet Tool for Destroying Money (18/06/19 16:39:23)

    "The lessons from the Bolshevik policy of inflation are still relevant today. The arguments in favor of inflationary policy may no longer be justified by Marxist theory and the pursuit of a moneyless economy, but the consequences of inflation operate irrespective of the theorist’s intentions. As the inflationary doctrine of Modern Monetary Theory grows increasingly popular, Bolshevik history should not be forgotten. Regardless of the policy’s purpose, inflation serves only to distort economic signals and, ultimately, destroy the currency and whatever economy the currency is attached to".
Chris Calton

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Inflation: The Soviet Tool for Destroying Money