It’s flat out absurd that inflation is caused by anybody or anything other than the central bank. Anyone propounding … Read the rest
Tag: money
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
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
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
The Desire to Control Money and Why it was Accepted
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
Monetary calculation is the guide of economics. The economy is chaos without it. Calculation makes it possible to determine if … 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