does perpetual inflation imply constant war?

[grapejelly]

Re: does perpetual inflation imply constant war?

Tally Sticks worked for over seven hundred years and were only backed by the states abilities to tax. I think this is probably the longest running monetary system, I don't believe there was any spending beyond the governments income level for the reason Tally Sticks went away. Chinese monetary systems involving paper also lasted for many hundreds of years as well. Colonial Script, Lincolns Greenbacks and French Assignats from what I've read always failed due to counterfeiting, not government overspending. Looks to me like much of the world is going the way of Social Credit or Chartalism instead of Central Banking. Maybe this time they figure out how to prevent counterfeiting.

but why would governments swear off printing money ad libitum?

[Tet]

Re: does perpetual inflation imply constant war?

but why would governments swear off printing money ad libitum?

Appears there are enough countries not real pleased with the current system. I guess paying the Imperial Tax gets a bit old after awhile. Having your economy inflated or deflated at will by the Reserve Currency doesn't seem to be benneficial.

[grapejelly]

Re: does perpetual inflation imply constant war?

Appears there are enough countries not real pleased with the current system. I guess paying the Imperial Tax gets a bit old after awhile. Having your economy inflated or deflated at will by the Reserve Currency doesn't seem to be benneficial.

I've read a lot about inflation lately. Dr. Constantino Bresciani-Turroni's The Economics of Inflation is particularly good.

Inflation is a great help to the rich and connected. It serves those in power phenomenally well.

[Sapiens]

Re: does perpetual inflation imply constant war?