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
Tag: inflation
Cooperation is the Enemy
The market is characterized by human cooperation. Statism is characterized by violence. The two can’t exist simultaneously. Therefore, statism is … Read the rest
The Statist Chimera
The statist idea is to establish a coercive monopoly in a territorial area. Particularly, in the area of law and … 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
The Size of the Social Unit: Money
Commodities are impossible to print. Inflating the money supply is much more difficult. A large state can institute paper as … 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
Freedom or Statism
We can either have freedom or statism but not both. Statism is being pushed all over the world. Freedom can’t … 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 Size of the Social Unit: Centralization
A state is an entity that has a territorial monopoly of exploitation. This takes the form of: legal institutions, … Read the rest