Although the trend could reverse, data from the past two months suggest that the inflationary big one may be upon us. All of those pundits who hedged their predictions may need to go back to the drawing board. Recent releases from the Fed show that the excess reserves are starting to leak out.
The expansion of the public sector since 9/11 to promote the mushrooming welfare and warfare states has left very little capital for small business, where 70 percent of job creation occurs. The result: the US economy has had virtually zero private-sector job growth since 4Q 2001.
Governments like death but also use public flogging, standing in the stocks, ducking, maiming, down to the humane method of penning in a cage.
Increases in money aren't sprinkled from the sky or distributed randomly throughout the population. They occur through the commercial banking system and the Federal Reserve. Those who receive the money first benefit at the expense of those receiving the money last.
There are many great shows like these that feature basic economic principles.
Adam Smith was able to sweep the field, while Cantillon and Turgot, who were far superior as technical economists and freedom champions, languished.
Although it is admirable that you are putting up your own money, economic analysis shows that your "solutions" will not work. The so-called root causes of crime and poverty in urban areas today can be tied to destructive government policies such as the drug war, the minimum wage, compulsory schooling, and high taxes.
