Quote Originally Posted by mamboni View Post
The vast majority of folk cannot understand inflation not do they percieve it as abnoxious until it rises to very high levels. This has been the case in countless societies. Lack of education in basic economics and money management aggravates the problem.

"All the perplexities, confusion and distress in America arise not from defects in their Constitution or Confederation, nor from want of honor or virtue, so much as downright ignorance of the nature of coin, credit, and circulation."

John Adams