-
In Professor Carroll Quigley's work The Evolution of Civilizations Quigley outlined what he called the 7 stages of historical change within a civilization being mixture, gestation, expansion, conflict, universal empire, decay and invasion. Near the books conclusion Quigley states that: “At...
-
Thanks for your explanation. I have another point. Where does newly created money (inflation) end up? The most obvious is real estate, by giving out mortgages. Another obvious one is the (government) bond market, with government bidding up prices through spending. But what about corporate or business...