Today we will study how money is born and how it dies.
In the sixth letter of On Money by Argentarius aka Alfred Lansburgh, we will put together the pieces from the first five lessons and thus create a precise understanding of why Libertarians are not overly dramatic when they say:
Inflation is theft.
It is indeed theft and in this lecture we will learn how it works.
So all in all a lesson more important for you than you might think, because at the time of filming this late in 2021, inflation in the USA and Europe has hit 40 year highs, if you trust the official numbers and levels not seen since Argentarius was writing in Weimar Germany, if you look at the actual uncovered money supply.
And on that happy note… to the reading…