The belief is nearly universal that money can’t be free. This implies that it must be controlled, regulated, manipulated, and … Read the rest
Category: Inflation
Gold is Heavy
It would be inconvenient to carry around gold if the transaction is too large. It has a high value … Read the rest
The Truth about Inflation
It’s flat out absurd that inflation is caused by anybody or anything other than the central bank. Anyone propounding … Read the rest
Legalized Counterfeiting
Counterfeiting money is punished for good reason. It’s a grave problem that the so-called protectors of private property begin counterfeiting.… Read the rest
Gold: Protection from Parasites
Gold has been chosen as a medium of exchange for thousands of years. A medium of exchange is necessary for … Read the rest
Commodity Standard
The use of a medium of exchange is required to expand the size and scope of the market. Many different … Read the rest
Effects of Inflation
Inflation leads to the business cycle, without a doubt. However, it can do something much more sinister, completely obliterate … Read the rest
Purchasing Power of Money
Price is the result of the subjective valuations of the exchangers. One good is being exchanged for another. The exchangers … Read the rest
Boom and Bust
Injecting more fiat money into the economy creates an artificial boom. The boom period is not good for the economy. … Read the rest
The Desire to Control Money and Why it was Accepted
While there is some resistance to taxation. There is little resistance to counterfeiting. More goods don’t come into existence when … Read the rest