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
Lessons From Yurtle the Turtle
“The only thing that made Yurtle the Turtle an epic failure vs a celebrated hero was TIME. If his turtle stack had stood for even a few years prior to crashing down, people would surely call him a champion for sitting atop the highest mountain ever and staring at the sun with bold determination.” History […]
Eliot Spitzer and Sophistry
In Ancient Greece sophists were teachers who taught virtue, which in those days generally meant the art of statesmanship, to young men rich enough to afford their services. Sophistry, as their art was called, is a trade much criticized in the dialogues of Plato, where Socrates attacks not only the practice of teaching for a […]
Was Lockdown Worth the Cost? 18-Month Quest to Find Out What the Data Says
Goal of this Project: to determine, over a 18-24 month period, to see what unambiguous scientific study and scientific research reveals about the efficacy and/or “cost” of global, national, and regional lockdowns. Hypothesis Attempted: I will desire, however, to bring a hypothesis to the forefront of this project and see if the data and scientific […]