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
Given a lack of meaningful information, Man is blind; he will seek instead to use his intuition, “instincts,” and naked assumptions to form an opinion. This is not wrong, per se; it is a natural reaction to seek to fill gaps in one’s knowledge. When the matter is of great importance, these opinions unfortunately will […]
Some people (I won’t name any party names) claim to want fiscial responsibility, yet they won’t hear of spending cuts. The talking heads cry and publicly throw their fits saying they want fiscal responsibility, now! Then when presented with an opportunity for sequestration they decry cutting spending for their precious war machine. You are either […]
