Each unit of today’s central bank money is an order to purchase a fixed quantity of goods and services determined by their market price. A deterioration in the value of money reduces this quantity and thus expropriates the money owner. – See hawk, money, moral, money value stability, money purpose, inflation, inflation tax, lie-and-deceive thesis, nominal value principle, central bank money.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/