money - Michael DeVinney

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

The market is characterized by human cooperation. Statism is characterized by violence. The two can’t exist simultaneously. Therefore, statism is … Read the rest

Gold has been chosen as a medium of exchange for thousands of years. A medium of exchange is necessary for … Read the rest

Commodities are impossible to print. Inflating the money supply is much more difficult. A large state can institute paper as … Read the rest

Inflation leads to the business cycle, without a doubt. However, it can do something much more sinister, completely obliterate … Read the rest

Price is the result of the subjective valuations of the exchangers. One good is being exchanged for another. The exchangers … Read the rest

A money can only be used if there are more than two individuals and two goods in society. It must … Read the rest

While there is some resistance to taxation. There is little resistance to counterfeiting. More goods don’t come into existence when … Read the rest

Monetary calculation is the guide of economics. The economy is chaos without it. Calculation makes it possible to determine if … Read the rest

It should be clear, nothing has value in itself, only the naïve would think this. In other words, value is … Read the rest