It is an economic rule which free-market philosophers like Adam Smith have tried to explain to governments and monopolists for centuries: Less liberty and more centralization equals less production and less overall wealth. Governments and central banks have sought to circumvent this rule by printing money from thin air, thinking that they can create wealth while at the same time suffocating public financial interactions and trade with authoritarianism. This, of course, only leads to inflation or stagflation, and thus wealth is never actually created, it is projected like a hologram in order to trick the masses into thinking that all is well – …
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