CHAPTER 8
Purchase Power Protection (Job 4)
When I was young, I used to think money was the most important thing. But now that I’m old, I’m sure of it.
—OSCAR WILDE
If you’ve accumulated some wealth, congratulations. Now, for the hard part: keeping it.
Everyone understands that inflation, the stealthiest thief of wealth, is a risk at this point, and perhaps even a goal of some central bankers. If that doesn’t sound all that scary to you, take a moment on this extended quote from John Maynard Keynes, whose name is very often (and very often incorrectly) invoked in support of ultra-easy monetary policies:
By a continuing process of inflation, ...
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