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
Government and the Environment: a Role to Play?
Posted on Author Sean Dempsey
In response to the anarachist or anarcho-capitalist argument that the government must take no role in environmental protectionism or defense of nature–that the free market will do it for us. And to attempt so is amoral if/when no property rights are infringed upon. So fundamentally here is a logical concern I have with the “anarchist […]
The Future of Money?
Posted on Author Lysander
‘Bitcoin’ is an interesting example of the future of money. Bitcoin is a non-asset backed and non-state controlled money. With the Fed destroying the value of our money it comes as no surprise that we should start to see such experiments as these. I tend to be skeptical of such non-asset backed currencies, but it […]
