"Inflationism...is not an isolated phenomenon. It is only one piece in the total-economic, political, and socio-philosophical ideas of our time. Just as the sound money policy of gold standard went hand in hand with liberalism [he means open markets and open societies, not modern 'liberalism'], free trade, capitalism, and peace, so is inflationism part and parcel of imperialism, militarism, protectionism, statism and socialism."
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Bill Bonner is founder and owner of Agora Inc., one of America's largest consumer newsletter publishers. Best-selling author and globe-trotting correspondent since 1999 for the Daily Reckoning email, he is chairman of family-wealth advisory Bonner & Partners, and co-author with his son Will of Family Fortunes: How to Build Family Wealth and Hold Onto It for 100 Years (Wiley, 2012).
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