Inflation, even mild inflation, destroys confidence in the future value of money under a discretionary government fiat money regime.

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The challenge will be to engage on fundamental reform and return to sound money under a rule of law that safeguards persons and property, including the property right a person has in the future value of money.

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Ideally, the money and the future value of the work are unimportant.

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But no matter what the payment details are, every type of financial instrument is a promise, a promise of payment in the future, and so every single one of them presents an important question: How do I compare the value of money invested now, with money which I expect to receive in the future?

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If inflation is defined as a fall in the value of money then the price of future consumption matters as much as the price of goods and services consumed today.

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