It’s often said that depressions are a failure of capitalism. That when the market is left alone, greed and chaos … Read the rest
Category: Inflation
From Gold to Paper: How Value Was Lost
Value doesn’t live in objects—it lives in people. Only the unthinking believe gold, bread, or paper has value in itself. … Read the rest
The Sacred Bureaucrats
In the past, men bowed to priests for salvation. Today, they bow to bureaucrats for permission. The robes have changed, … Read the rest
At the Margin
The more abundant something becomes, the less each unit matters to us. This is the law of marginal utility. It’s … Read the rest
The Parasitic Nature of Inflation
The nature of inflation is often misunderstood. It’s not some mysterious rise in prices floating in the air. It’s the … Read the rest
Central Banking’s Greatest Deception
A stable economy doesn’t come from central planning. It comes from the market. Production creates goods, exchange reveals prices, and … Read the rest
The Velvet Shakedown
Freedom means rejecting all violations of private property. Many claim to support freedom, but in practice, they accept coercion … Read the rest
Fiat Currency: The Engine of Exploitation
A medium of exchange must emerge through voluntary market interaction. Historically, people selected what worked best. No decree birthed money—it … Read the rest
The Illusion of Wealth
Wealth is one of the most misunderstood concepts in modern society. Politicians speak of “growing the economy” as if … Read the rest
