Showing posts with label Michael Hiltzik. Show all posts
Showing posts with label Michael Hiltzik. Show all posts

"As far back as the 19th century, it was well understood that the "stability" provided by linking currencies and exchange rates to a fixed value of gold benefited only one economic class - creditors, who desired the returns on their assets to be protected from inflation and to take primacy over every other interest group." - Michael Hiltzik

0 annotations
"As far back as the 19th century, it was well understood that the "stability" provided by linking currencies and exchange rates to a fixed value of gold benefited only one economic class - creditors, who desired the returns on their assets to be protected from inflation and to take primacy over every other interest group." - Michael Hiltzik
Full quote »

Playlist