Great video presented by Timothy Terrell at the Mises Circle at Furman University: “The Coming Currency Crisis and the Downfall of the Dollar”. For those who are interested in better understanding fiat currencies and reckless inflation from a history perspective, this video provides a terrific overview.
You’ll also gain a better understanding of the magnitude of damage and theft inflation perpetrates against a country’s people (and especially against its middle and lower classes who least understand its disruptive effects).
Everyone’s thrilled when Apple’s iPad2 provides a greater bang for the buck for less money than the original. So why do governments and central banks try and convince people that higher prices are good for everything else?
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