The essay argues that a deflationary economy, characterized by high trust and productivity, is inherently more beneficial than an inflationary one. It claims that the white race progressed due to a deflationary economy until capitalism, which requires inflation, emerged. Feudalism and mercantilism contributed to the development of capitalism by accumulating capital for investment. However, progress and innovation are inherently deflationary, as they enable higher productivity with less labor, suggesting that the cost of goods should decrease, not increase, over time. The current system, however, necessitates inflation, contradicting the natural outcome of reduced production costs.
