Government and its henchmen are anxious to relegate into oblivion the fact that this rise is produced by an increase in the amount of money and money substitutes. They never mention this increase.
First, Mises Institute offers a wealth of scholarly resources. Second, it offers cogent, insightful commentary through its Daily Articles and the Mises Economics Blog.
"It is absurd to believe that an agency that may tax without consent can be a property protector. Likewise, it is absurd to believe that an agency with legislative powers can preserve law and order."
It was the basis of the belief of our ancestors that they could throw off tyrannical rule and still not have society descend into poverty and chaos.
Capitalism is an economic system that allows people to make choices free from government intervention. Capitalism is just. Socialism is unjust. There is no "messy middle."
To the extent that human costs are attributable to price controls they are avoidable.
Congress and the others in political power in this country will not be satisfied until they have fully destroyed the US economy and replaced it with something we thought would disappear when the Iron Curtain finally fell so many years ago.
The market economy is a social system where individuals specialize in their occupations and the means of production (natural resources, tools, etc.) are privately owned. Although everyone acts to serve his own interests, in a market economy this is achieved by aiming to satisfy the desires of other people.
The happy life comes through permitting maximum freedom to associate and choose — a freedom that applies to everyone and under all circumstances, without exception.
Americans enjoy too much economic freedom. The natural solution, therefore, is to strip them of their freedom with higher taxes, more regulations, and greater regimentation of their lives.
