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
College Education: The Largest Scam in American History!
Posted on Author Sean Dempsey
The last 60 seconds of this documentary is a bit off, but 99% of it is spot on and demands attention. The cost of an American college eduction was once “well worth the cost.” It no longer is (for a vast majority of reasons). The promises of $1M more in aggregate salary over a person’s […]
Ken Burns’s Civil War
Posted on Author Glaucon
The following article ends up by making an important point regarding the famous Ken Burns documentary on the Civil War: “Watching the film, you might easily forget that one side was not fighting for, but against the very things that Burns claims the war so gloriously achieved. Confederates, you might need reminding after seeing it, […]
“America’s Egypt Problem” by Jack Hunter
Posted on Author Lysander
http://www.youtube.com/watch?v=-Qm8eFTgddY&feature=feedu