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Tuesday, September 10, 2024

How Inflation Breaks Our Brains

When Russian peasants set fire to hundreds of buildings in Moscow in 1648, the acute cause was a sharp rise in the price of salt. When they rioted again 12 years later, it was to protest a government policy that made copper money equal in value to coins made from silver—a policy that naturally caused widespread price inflation.

An increase in the price of bread, and an inept government response to it, helped set the French Revolution on its bloody course.
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3 comments:

  1. I've been retired many years and was didn't need to worry about money. Now thanks to the deliberate destruction of the dollar I worry a lot. Damn them to hell.

    ReplyDelete
  2. Yet behind all the hardship and death there is this small cult that has its tentacles in everything. The only way to beat it is to be self sufficient and debt free; also know your enemy!

    Chutes Magoo

    ReplyDelete
  3. What's coming may look like France in 1789 but with (our) modern technology.

    ReplyDelete

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