‘Bitcoin’ is an interesting example of the future of money. Bitcoin is a non-asset backed and non-state controlled money. With the Fed destroying the value of our money it comes as no surprise that we should start to see such experiments as these. I tend to be skeptical of such non-asset backed currencies, but it […]
by Sean Dempsey, 04/03/2015 Tariffs Explained Tariffs, often sold as shields to protect a nation’s workers and industries, are in reality a cruel tax that falls hardest on the poor and middle class of the very country that levies them. Far from safeguarding prosperity, they distort markets, inflate prices, and erode purchasing power, as some […]
What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation. ~Ludwig von Mises
