Comment Re:I admire their spunk, but... (Score 1) 275
I think it would have been better to encourage inflation. In an inflationary system, currency essentially expires. The longer you hold it, the less value it holds. This is an excellent feature because it encourages the use of the currency,
You are obviously the one who needs to "look at modern economics with a more critical eye" especially re. that thoroughly debunked view of inflation.
The view of inflation espoused by modern Keynesian economics is wrong and benefits primarily the issuers of money and those nearest to them. Inflation hurts everybody else.
If all you see are the economic papers supporting your view of inflation, you need to broaden your horizons -- try a different school.