A monetary policy with 0% inflation is special.

Monetary expansion is theft through dilution of savings.
A policy of monetary contraction is theft through forcible seizure.

0% is the only policy that respects property rights.

@jimmysong thats a weak argument, property rights has never meant you are guaranteed there wont be more of some thing you buy. Even if you have property in the form of gold you'd sound like a nutter to claim people cant mine more gold.

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@freemo @jimmysong mining gold is hard, printing money is easy

· · SubwayTooter · 0 · 0 · 0
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