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

A stable economy doesn’t come from central planning.  It comes from the market.  Production creates goods, exchange reveals prices, and … Read the rest

A medium of exchange must emerge through voluntary market interaction.  Historically, people selected what worked best.  No decree birthed money—it … Read the rest

Wealth is one of the most misunderstood concepts in modern society.  Politicians speak of “growing the economy” as if … Read the rest

Theft is punished for good reason. It’s a grave problem when those sworn to protect property engage in theft themselves.  … Read the rest

Inflation reshapes the economy in ways that don’t affect everyone equally.  While some gain temporary benefits, many suffer from the … Read the rest

True prosperity arises from unpolluted economics—an unhampered, freely functioning market.  When private property and voluntary exchange are respected, wealth and … Read the rest

The state has found a way to grow its power and wealth without limit, all while hiding its actions in … Read the rest

The state no longer faces meaningful constraints on its power or its spending.  Under the gold standard, any increase in … Read the rest

Paper money is light.  It’s easy to carry and convenient for large transactions.  Unlike gold, it doesn’t weigh you down … Read the rest