Your money and your life–Part 3
"Prediction is very difficult, especially about the future"—Niels Bohr The quotation from the great physicist Niels Bohr begins this post, as acknowledgment that the forward-looking statements below include both explicit and implicit predictions of rising inflation and a corresponding rise in the market value of assets that cannot be inflated in quantity by the actions of the state in debasing its monopoly supply of money. In the view of the author of this post the predictive problem is not whether, but when Americans will see large-scale price increases due to the federal state's manipulation of its monopoly supply of money. In two prior blog posts entitled Your Money and Your Life, posted March 22, 2013 and May 2, 2013, we examined the deliberate debasement of the U.S. dollar that has been going on since 1933, and which has intensified since the financial crisis of 2008. In this third installment of comment on monetary debasement by the United States federal state, we bring to our