Quote:
It therefore seems reasonable that if we are increasing our paper money supply by 10% each year then, by and large over a period of time the cost of things will increase by 10% each year as well. Increasing productivity by 1% or 2% may keep costs down but when we look at REAL Estate which is the one REAL asset that we can all recognize we notice that over a period of four decades properties have been going up in price by around 9% or 10% each year, on average.
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Citation needed on each and every number in here.
(Don't bother - they've *all* been pulled out of the author's ass)