Inflation is Not Caused by the Actions of Private Citizens but by the Government

Inflation is Not Caused by the Actions of Private Citizens but by the Government

Inflation is not caused by the actions of private citizens, but by the government; by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.

Ayn Rand

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