“A lot of ink is spilled over the evils of inequality, but very few will point to this very obvious and devastatingly cruel form of economic punishment inflicted on the world’s poor. Central governments are constantly devaluing and degrading what little hope the poorest among us have for achieving a better life. At the same time, this regressive inflation tax rewards the rich who can borrow large quantities of devaluing fiat, and who can protect themselves by holding hard assets.”