In our bureaucratically-managed economy, financial prosperity increasingly depends on how close one can position himself to the dissemination of newly-created money.
The federal government’s persistent deficit and the Federal Reserve’s inflation policy necessitate continuous money creation.
Understanding this critically means identifying the link between this “prosperity” and newly-created money.
Since creating money from nothing can’t possibly be productive, or enhance wealth in any real way, there is no direct link to prosperity.
As this money flows into specific sectors or assets, prices rise.
For money bureaucrats and the crony class, this is a highly sought-after feature of fiat money.
Those with early access gain significantly, while others face relative wealth decline.
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