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
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 […]
Walter Williams on Stossel
Posted on Author Sean Dempsey
Watch the latest video at video.foxbusiness.com
Drowning in Debt: Neither Party Recognizes the Danger
Posted on Author Sean Dempsey
“Under democracy one party always devotes its chief energies to trying to prove that the other party is unfit to rule — and both commonly succeed, and are right.” ~H.L. Mencken