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  • In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.

    Lysander Spooner
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    Lysander Spooner (1873). “A New Banking System: the Needful Capital for Rebuilding the Burnt District”, p.21
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In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency. - Lysander Spooner
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