How America’s Unsound Money Is Destroying Freedom Worldwide

“Fiat dollars aren’t just an economic and political problem for Americans. The US’s money regime enables and strengthens foreign regimes seeking to defraud and deceive their own people.

Today’s tyrants fundamentally distrust the invisible hands, especially their power to bring about economic recovery and guide society to prosperity. This distrust is especially acute and urgent when the asset and credit bubbles created by their great monetary inflation enter a phase of collapse. They are then in no mood to allow free market forces to efficiently liquidate masses of malinvestment accumulated during the inflation and generate new investment opportunity. That would all take considerable time. Instead they turn to the implantation of radical monetary policy—in effect vast government interventions financed by money printing with the intent to produce an economic spurt before election day.”

https://mises.org/wire/how-americas-unsound-money-destroying-freedom-worldwide