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Hi all, Rothbard describes inflation as (among other things) wealth redistribution to the benefit of those who first receive the new money and a tax to those who receive the money last (the people in the more remote parts of the economy whose prices rise before the money trickles down to them). My question...
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Hi, I noticed that the Jens o Parssons book "The dying of money" has mysteriously disappeared from the site. I was about half way through the book and have to say it was turning out to be one of the best books I've read in a long time. If anyone knows where it can be found on the site,...
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I don't know any books on this subject. However there's a mp3 accompanied with a transcript of Joseph R. Peden's lecture "Inflation and the Fall of the Roman Empire," given at the Seminar on Money and Government in Houston, Texas, on October 27, 1984. I've listend to it and...
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[quote user="fsk"] That graph is misleading, because the CPI is biased . True inflation is much greater than the CPI. If you use M2 as your index of inflation, then inflation is 8%-9%. If you use reconstructed M3 as your index of inflation, than inflation is 10%-20%. If you use gold as your...
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Revealing graph of changes in the C.P.I. since the inception of the Federal Reserve System here.
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I've seen the charts which show how the Fed has pumped incredible amounts of money into the banks/economy/whatever. Given this, why are we not seeing price inflation? Is it because the banks are holding on to the money and not letting it all out? Additionally, assuming that the govt continues their...
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I realize that the better stock market numbers recently may not be a very accurate indicator for future economic growth, but the media seems to be touting it as such. With the FED beginning to monetize our debt, it appears that higher inflation is due. What is a good response to those who argue that...