Seeing as most people continue to be baffled by the Fed's actions and insistence that there's no inflation, I thought it'd be fun to share a quote per day on the topic of money (until I run out).

Some as far back as the 1800s which suggests what we're seeing is nothing new. https://twitter.com/elementmacro/status/1347283824649113602

"If the governments devalue the currency in order to betray all creditors, you politely call this procedure 'inflation.'"

- George Bernard Shaw

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“By this means (fractional reserve banking) government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.”

- John Maynard Keynes, The Economic Consequences of the Peace (1920)

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