Source link: http://archive.mises.org/7426/if-european-monochromists-get-it/
If European monochromists get it…
It appears some native Austrians are thinking at the margins: by literally eating dollar bills.
Officially, that is how some of them are trying to fight inflation and dollar devaluation — by [quixotically?] attacking the supply-side of the problem. [Interestingly enough, a recent court case tackled part of the "supply" quagmire; see: Good as Gold].
And note, other mainstream reports of the continued debasement have recently been published: 7 Countries Considering Abandoning the US Dollar and How Low Can the Dollar Go?
Via Robin Tovson. See also:
The Worst Recession in 25 Years?
Operation Bernhard and Counterfeiters
Who benefits from inflation?
“If I were Bernanke I would abolish the Fed and resign”