Printing money seems like a no-brainer. Surely it’s extremely obvious that printing money is a recipe for disaster that will result in hyperinflation. Surely the obvious action is to not print money and therefore avoid inflation. Yet every year, every country prints money. Why? Surely the money supply should be fixed. What possible reason could central banks have for risking massive inflation? Why do we print money? The first and most obvious reason for printing money is to replace old notes in the system. Notes get worn down through use, so it’s necessary to print new ones to replace them. Take a moment to think through why we do this and what would happen if we didn’t. Businesses would start … Continue reading “Why Do We Print Money?”
Tag: War
Religion As A Cause Of War
I would argue that a major cause of most (but not all) wars is religion. Religion divides people into separate groups and tells them that they are incompatible with each other. It provides justification for the killing of others and the promise of reward for martyrs. There are numerous examples of religious wars. Some of the main ones include the Crusades, Yugoslavia, Iraq, Afghanistan, The War On Terror, The Thirty Year War, Northern Ireland and the numerous religious wars of England and France (which culminated in the Saint Bartholomew Day Massacre). A frequent justification for the British, French, Spanish, Portuguese etc, (which led to horrendous massacres) empires was so that the natives could be converted to Christianity. Religions claim they … Continue reading “Religion As A Cause Of War”