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Replying to Avatar Aurelius

Inflation is necessary to maintain the illusion that a stagnant post-industrial economy is always growing.

As long as people believe “always go up,” they are willing to pump their capital and leverage their earnings into assets managed by the financial, insurance, and real estate sectors.

Every one of these transaction and interest payments is an economic rent, extracted from the masses under the guise of helping them to invest.

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Aurelius 2y ago

If the masses would read Michael Hudson, their eyes would open to their own exploitation.

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