Tuesday, 13 November 2012

Fiat inflation is a violation of natural rights

We have a right to be protected from inflation by the government. If the government imposes taxation and a fiat currency on the population then they have a right for that currency to serve as a store of value. Inflation is a violation of natural rights if there is a fiat currency imposed on the population. Inflation is theft if there is a fiat currency... fiat currencies are different from store credit or any other form of private credit. The government has a responsibility to be vigilant with inflation and the people have a right to be protected from (not subjected to) it. The people have a right not to be subjected to fiat inflation.

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