The founders and old revolutionaries used the word “depreciation” to describe what we call “inflation” today. Their way is much better – because when people understand that money is worth less (or worthless), it’s much easier for them to understand the cause of the problem in the first place.
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Michael Boldin [send him email] is the founder of the Tenth Amendment Center. He was raised in Milwaukee, WI, and currently resides in Los Angeles, CA. Follow him on twitter – @michaelboldin and Facebook.
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