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
The three volumes of The Gulag Archipelago — one continuous, extended scream of outrage — are, paradoxically, brilliant, bitter, disbelieving and infused with awe: awe at the strength characterising the best among us, in the worst of all situations. In that monumental text, published in 1973, Aleksandr Solzhenitsyn conducted “an experiment in literary investigation” — a hybrid […]
