I'm reading another interesting book, "Indian Givers", by Jack Weatherford (1988). I'm only in the first chapter titled "Silver and Money Capitalism", and the context is the Conquistadors looting the Americas. What happened was the immense quantities of silver taken to Europe were mostly turned into coinage, which drastically increased the money supply. One of the effects (among many) was inflation - caused by increasing the physical money available and an associated decrease in its value.

It actually made me laugh! Humans are sooo predictable.


You never change things by fighting the existing reality.
To change something, build a new model that makes the old model obsolete.
R. Buckminster Fuller