some people wonder why I focus so much on the fiat monetary system in this country – as the author of this article states, if you don’t understand money you can’t understand prices (or the economy)
“Well, someone who believes that inflation is minimal at a time when the supplies of 18 of the world’s top 20 currencies are expanding at double-digit rates does not understand inflation; and someone who doesn’t understand what’s happening to money cannot possibly have a thorough understanding of what’s happening to prices.”
