Inflation is absolutely devastating to the economy. It could be halted by not printing money. That won’t happen. Inflation will … Read the rest
Category: Money
Fiat Money
The belief is nearly universal that money can’t be free. This implies that it must be controlled, regulated, manipulated, and … Read the rest
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
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
The Origin of Money
A money can only be used if there are more than two individuals and two goods in society. It must … Read the rest
What Causes the Business Cycle?
The business cycle is caused by artificial credit expansion by the central bank and commercial banks too—if the reserve requirement … Read the rest