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.
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
by Sean Dempsey, 04/03/2015 Tariffs Explained Tariffs, often sold as shields to protect a nation’s workers and industries, are in reality a cruel tax that falls hardest on the poor and middle class of the very country that levies them. Far from safeguarding prosperity, they distort markets, inflate prices, and erode purchasing power, as some […]
