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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Ken Burns’s The War
Posted on Author Glaucon
Further to my previous post, here is a great summary of Ken Burns’s recent documentary “The War”, which is actually worse than his Civil War one.
Minimum Wage is a Lose-Lose
Posted on Author Sean Dempsey
This is a big subject. And it’s one that sadly keeps coming up in our political climate! Let’s just RAISE THE MINIMUM WAGE! The poor Poor are suffering. We are selfish for not wanting to help them. “Big Business” is greedy and keeping the little man down. But this is all political hype and distraction […]
The fall of the United States?
Posted on Author Glaucon
From the Guardian: Decline and fall of the American Empire Key passage: “Let me put an alternative hypothesis. America in 2011 is Rome in 200AD or Britain on the eve of the first world war: an empire at the zenith of its power but with cracks beginning to show. The experience of both Rome and […]