The Effects Of War vs Fiat Money

Modern warfare is highly destructive. A couple of centuries ago, wars involved fighting between armies; civilians were spared. Cannons were directed at the opposing army.

Today, war means general destruction; civilians on the losing side can expect to be plundered, killed or raped. Cities are targeted for mass destruction. We rode a bus through post-war Germany in 1948, and recall that the city of Bremen was simply miles of rubble piled up on either side of a road cleared for traffic.

WW II leveled some cities of Europe in the countries which were part of the Axis, and killed millions of soldiers and civilians.

After the war, both the winners and the losers turned to re-building their countries. The devastated cities began to heal; new, modern factories were built. People went back to doing what they had been doing before the war. By 1970, a traveler could hardly tell there had been such terrible destruction and loss of life just twenty-five years earlier.

Now let us consider fiat money and its consequences….

Speak Your Mind