Daniel Prince is a Husband, Father, Rat Race Quitter, Long-Term Family Traveller, Worldschooler and Digital Nomad. Host of the Once Bitten Bitcoin podcast. Author of Choose Life.
Mainstream economic teaching still pushes the basic belief that inflation occurs when the aggregate quantity of goods demanded at any particular price level rises more quickly than the aggregate quantity of goods supplied at that price level.
With the word ‘inflation’ consistently in the news and part of our daily conversation, let’s explore the policy of Fiat currencies and a well-documented historical account of good old-fashioned currency debasement.