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
Foreword Nothing in this article is unique. I am heavily borrowing (with full credit where it is most due) from the gurus whom have most influenced my life from a financial standpoint. To download this article as a PDF – click here. Dave Ramsey—who doles out solid financial advice “your grandmother would give you”—posits a […]
A logical and inquisitive letter to our President from two established professors of Economics in VA. 17 February 2013 Mr. Barack Obama, President Executive Branch United States Government 1600 Pennsylvania Ave., NW Washington, DC Dear Mr. Obama: In this year’s State of the Union Show you called for the hourly minimum-wage to be raised from […]
