Central Bank Digital Currencies Would Bring Hyperinflation


There are many excuses often used to explain inflation. However, the fact is that there is no such thing as “cost push inflation” or “commodity inflation.” Inflation is not an increase in prices, it is the destruction of the purchasing power of the currency.
Cost-push inflation is more units of currency going to relatively scarce real assets. The same can be said about all…

This story appeared on mises.org, 2023-03-18.
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