2025-03-24
As the EU desperately beats it's war drums apparently heedless of its dire ability to sustain any such conflict with Russia, we are clearly observing the inflation of rhetoric over reality. Still, since when was a grasp of reality ever a prerequisite for taking a position of power and responsibility in the EU?
But I digress. The one permanent feature of our western monetary systems since ... well, seemingly forever ... has been the steady (sometimes indeed distinctly unsteady) erosion of the purchasing power of our money. Back in 19xx when we bought our first house, we paid around £11K - good luck buying an equivalent house for that money today - perhaps at 20 times that figure one might begin to stand a chance.
So today we feature a piece about the sources of inflation, some historical background, and the consequent debasement of the currency - and yes, it can happen even if that currency is gold / silver coinage!
An interesting read from Investors Daily (previously known as "Fortune and Freedom", which title I personally preferred).
