Open access to the February edition of our client letter
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The February edition of News & Views explores the essence of inflation through a distant example – Rome in the fourth century AD – and then brings that history current with an overview of what is happening in the United States today. We sometimes forget that inflation is a process, not an event. Rome’s inflation and currency debasement proceeded in fits and starts and unfolded over centuries. However, when runaway price inflation struck, it delivered its ill effects emphatically during individual lifetimes – sometimes within a few short years. If you would like to gain a better understanding of inflation and what you can do to protect your wealth against it, the February edition of News & Views is an excellent place to start.
Hedging the decline and fall of a currency
The baseline case for gold hasn’t changed much in 1700 years
“Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” – John Maynard Keynes, The Economic Consequences of Peace (1919)
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