Writing for GoldMoney, economist and former banker Alasdair Macleod explains today how interest on savings in the modern fiat money system is more than wiped out by inflation, that the resulting impoverishment of pensioners will impose far greater welfare costs on government than are understood now, and that savers would do far better under a "sound money" system.
I borrowed the story...and the above introduction...from a GATA release yesterday. The story is posted over at the goldmoney.com website...and the link is here.
