Book recommendation: Fraud Coin by Rune Østgård

The book takes us through 1000 Years of Inflation as a Policy, beginning with the Viking age and King Harald Hardrada, who introduced the death penalty for those who did not accept his coins as payment.

With lessons learned from the historical narrative, it is easy to join the author on the ‘journey of money’ through modern society, as he demonstrates how inflation redistributes wealth from the working and middle classes to the upper class, speculators, and the state, and away from the countryside and into the big cities.

The book includes a discussion on several issues related to monetary policy, including national security, cryptocurrency, saving and investment, and if it is correct to say that “a little inflation is good for the economy” and that “our system is based on trust”.