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In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.

Lysander Spooner
Reality, Gold, Paper
Lysander Spooner (1873). “A New Banking System: the Needful Capital for Rebuilding the Burnt District”, p.21
In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.