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
Related Articles
Ken Burns’s Civil War
Posted on Author Glaucon
The following article ends up by making an important point regarding the famous Ken Burns documentary on the Civil War: “Watching the film, you might easily forget that one side was not fighting for, but against the very things that Burns claims the war so gloriously achieved. Confederates, you might need reminding after seeing it, […]
Proposed vs Actual Reality of Democrats vs Republicans
Posted on Author Sean Dempsey
“You have the really evil party and you have the really stupid party. Sometimes they get together and do something that is both evil and stupid. That’s bipartisanship!” Tom Woods
Walter Williams on Stossel
Posted on Author Sean Dempsey
Watch the latest video at video.foxbusiness.com