Monetary calculation is the guide of economics. The economy is chaos without it. Calculation makes it possible to determine if … Read the rest
Tag: inflation
Economic Crisis
Many believe capitalism has failed and believe it must be replaced by statism. Statism has failed miserably and must be … Read the rest
Demonetization of the Dollar
The dollar will no longer be used as a money if deficits are printed over. The purchasing power will continue … Read the rest
The Meaning of Inflation
The primary neurosis of economics is inflation. This is by design. The real culprits don’t want to be identified. … Read the rest
Say’s Law of the Market
It’s commonly said that Say’s law is: production creates its own demand. This is a straw man. This kind … Read the rest
False Prophets
We judge many issues. However, there are some issues that aren’t judged and left to false prophets. You may … Read the rest
The Business Cycle Explanation
The business cycle constantly reappears at attempts to reduce the natural interest rates through policy. This expands credit beyond 100 … Read the rest
Money and the Value of Money
It should be clear, nothing has value in itself, only the naïve would think this. In other words, value is … Read the rest
The Warfare State
One only needs to be relatively educated on U.S. history to see the clear trends. Liberty has now reached a … Read the rest
The Size of the Social Unit: Voting with Your Feet
An organic society will consist of many societies. In a large area, statism is only implemented by force. I … Read the rest