Bloomberg Editor Claims Stable Prices are Immoral

In a recent Twitter exchange, Bloomberg Editor Joe Wiesenthal and Austrian Economist Bob Murphy were discussing the morality of systems designed to allow savers to maintain their purchasing power vs systems that erode the value of money over time. The issue comes down to property rights and the real effects of inflationary systems vs deflationary systems.

https://mises.org/wire/joe-weisenthal-thinks-debasing-dollar-moral-thing-do

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#inflation #deflation #economics