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Puppet Economics Episode 1: The Pokemon Parable (Inflation is Theft)

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Published on Feb 16, 2013

How could an ultra-rare and valuable Pokemon card be stolen from a mega secure bank vault without the use of a lock-pick, dynamite, safe cracker or even a thief?

Today on Puppet Economics, Dadoo introduces Sophia to the principle of inflation and it's subtle form of theft.

Austrian economist Ludvig von Mises defined inflation as:

"an increase in the quantity of money, that is not offset by a corresponding increase in the need for money, so that a fall in the objective exchange-value of money must occur." (1920, Theory of Money and Credit, page 240)

Sophia learns what happens to the value of her most prized Pokemon card when the printing press is used to dramatically increase the supply of her once rare card.

Learn more about inflation:

https://mises.org/daily/5172/Is-Infla...
http://www.forbes.com/sites/billflax/...
http://mises.org/document/3127/What-Y...

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