While the government and banking institutions funnel new currency to favored sectors or reward bad investments with bailouts, prudence is punished, and the value of the average person’s paycheck and savings shrinks in real terms. This is not an oversight in the system; it is one of its defining features. The core monetary issue emerges whenever control over the supply centralizes; centralization relies upon trust, which is prone to corrupt manipulation and used to siphon wealth.

— Neal Flesher, Modern Chains (Chapter 1)

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