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
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Posted on Author Sean Dempsey
A logical and inquisitive letter to our President from two established professors of Economics in VA. 17 February 2013 Mr. Barack Obama, President Executive Branch United States Government 1600 Pennsylvania Ave., NW Washington, DC Dear Mr. Obama: In this year’s State of the Union Show you called for the hourly minimum-wage to be raised from […]
On Latin American Politics and Ending the War on Drugs
Posted on Author Lysander
The second half of this video addresses the benefits of legalizing drugs on the violence in Latin America. The point that prohibition only tends towards more violence created by a fight for market share by the various underground organizations in the black market is certainly a legitimate point that should be enough to convince any […]