Interesting Law Suit

There are those who consider that inflation is theft; certainly it is interesting that a Chinese woman is suing the U.S. Federal Reserve on the grounds that since it has a monopoly on printing money, its recent printing bonanza has devalued the woman's assets.

The picture below shows a Bank of England £10 note issued in 1934; never mind what the official statistics claim, I maintain that today the equivalent would be in the order of £700.

 Image Source

That should serve to show exactly what the Chinese woman is getting at.

Until the next time.