https://youtu.be/Esa0N156csY ... the privileged beneficiaries of inflation and depreciation are, largely, the central banks themselves and their stockholders, as well as merchants who borrow from these banks, and exporters who benefit by the depreciation of foreign exchange. All these are bought at the expense of the public. Murray N. Rothbard Classical Economics, p. 182 Excerpt from The Great Fiction by Hans-Hermann Hoppe: https://mises.org/library/great-fiction Hans-Hermann Hoppe, an Austrian School economist and libertarian/anarcho-capitalist philosopher, is Professor Emeritus of...
