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I was having a look at "What Has Government Done to Our Money" by Rothbard, and got thinking about the problem of hoarding, or increasing one's cash balances. This may be relevant in the current economic climate if people are losing faith in the banking system and yet trying to rebuild...
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Greetings. A new audiobook is available in The Rational Argumentator’s Audio Section : “What Has the Government Done to Our Money?” by Murray N. Rothbard; Read by G. Stolyarov II I hope that you will enjoy it.
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There was a similar thread recently, but I wanted to expand on the scope of the last one. Mainly, what specific stocks should someone begin buying to profit on the demising dollar? I was thinking about Peter Schiff's "Crash Proof," but it has relatively poor reviews on Amazon because Schiff...
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[quote user="Ego"] The most common: inflation is a rise in prices. [/quote] There are multiple commonly accepted definitions of inflation. Some define it as an in prices. Others define it as an increase in the money supply. I don't like either explanation. Even with a stable money supply...
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I was having an arguement with this person saying that people have a misconception about inflation because they think that inflation will rob him of his purchasing power of his hard earned money. So that when the prices rises, your dollar will buy fewer goods so it might seem that it lowers living standards...
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The prices in everything has risen recently due to inflation. Eggs, for example, have jumped in price by 40%, partially due to inflation. Gas prices would be lower w/o gas taxes and increased demand in China and India, but inflation is still the MAJOR contributing factor here.
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So I'm still learning more and more about the Austrian School, but I have a question that I don't necessarily know how to find out for myself. A while back I read or heard somewhere, where Milton Friedman said that the money supply should be increased I believe it was 6% each year or something...
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Someone slapped me this article when I was trying to explain him that inflation is caused by Money Supply. Now this author is a research fellow in Cato institute and quite recognized in India. Just wanted to know the response of you guys. Do you really think that Inflation being solely caused by money...
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See Rothbard's What Has Government Done to Our Money . When a regular person buys a government bond, that person is spending money they had to have somehow received beforehand from someone else. That is, it must have been money that was already in circulation. When the Federal Reserve buys government...