by Alasdair MacLeod
Gold Money
It is apparent from media commentary that there is considerable misunderstanding over the causes behind rising prices and the consequences for interest rates. There are now signs that the official narrative over these issues is misleading at best.
Those who have protected their wealth by investing in financial assets no longer have the following breeze of falling interest rates. Financial bubbles are now bursting. Understanding the causes and therefore being able to assess the likely losses involved is becoming urgent for anyone committed to financial markets.
This article explains inflation in its proper context, which is loss of purchasing power for state-issued currencies, so that current conditions are better understood.