virtually nobody understands the current monetary system when the fed creates money, debt is attached when debt is the asset, unpayable debts & defaults are therefore deflationary this prompts "money printing", but with new debt attached its usury yes, but hyperinflation no
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Zimbabwe had hyperinflation because there arent a bunch of outstanding debts in ZimDollars that people need ZimDollars to pay, it was just token money where the first to get something real with it wins
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its hard to wrap your mind around virtually none of the money supply is cash its mostly loan money, which becomes a phantom if asset prices fall or defaults take place the dollar is UP against other currencies during the panic even though the fed is creating more
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with every new dollar they create, there is a corresponding liability thus there is never truly an over-supply its double-entry bookkeeping, going back to Venice or earlier (possibly Babylon) London mastered it, New York was their protege
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most people are never trained to think like a banker, which is good in a way, because usury is a sin, but you cant understand the modern financial world if you dont understand the double (& now triple) ledger system
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Austrian Economics was developed during the monetary experimental days of Central Europe (Germany & Austria mostly), where fully fiat paper was actually issued. That was not the Babylon/Venice/London/Fed system. The Austrians simply do not "get it".
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They are/were London's sockpuppets
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