10 August 2023
Developed economies are seeing a decline in the middle class, despite massive financial interventions. This isn’t capitalism’s fault but results from policies that lean towards heavy government control. Many misunderstand inflation, viewing it as mere price rises rather than the devaluation of currency due to excessive printing. This often benefits governments at the citizen’s expense. In essence, inflation is a covert tax, diminishing wealth from savers. Central banks, not private ones, primarily drive artificial money creation. The Honest Money Initiative seeks to spotlight these issues and advocate for stable monetary policies. Unrestrained currency manipulation endangers both economic freedom and civil liberties.