“By a continuing process of inflation, Governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some.”

- John Maynard Keynes

Worth reading…

#inflation #Bitcoin

https://www.economicsnetwork.ac.uk/archive/keynes_persuasion/Inflation.htm