In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of the chain, and still worse losers are the people (e. g., those on fixed incomes such as annuities, interest, or pensions) who never receive the new money at all.


The Case Against the Fed (5 June 2009).

Murray Rothbard Quotes

In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of...

In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of...

In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of...

In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of...