After a good deal of thought I’ve decided that my views are better aligned with Austrian economics for the following reasons:
- I want to be wrong about hyperinflation for years on end.
- I think that government spending is always bad and that private spending is always good. Β In other words, I want to eliminate the government.
- I want to believe that QE creates inflation because reserves will get out of the banking system.
- I prefer to think of “inflation” as a rise in the money supply regardless of the fact that the money supply is just about always rising in a credit based monetary system thereby rendering this concept totally void of value.
Isn’t that enough reason to convert?
![Cullen Roche](https://pragcap.com/wp-content/uploads/2022/01/Headshot2022-1-144x144.png)
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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