Profit Without Apology: The Need to Stand Up For Business by Onkar Ghate and Dan Watkins. (ARU Press, 2025)

In most of the world, inflation is no longer an exception, it is the rule. Official inflation targets of 4 percent, 5 percent, or even 6 percent per year have become normalized, sold as signs of macroeconomic health. Yet these same rates quietly destroy savings, erode wages, and discourage long-term planning—especially for the poor. At just 6 percent annual inflation, the purchasing power of $100 drops to under $55 in ten years.

Mises solved the circularity problem of money’s value by arguing, following Menger’s work, the original price of a money was established by its previous exchange ratios to other commodity goods in a barter economy which gave it purchasing power as a medium of exchange.

Early last month, the Democratic Socialists of America (DSA)sponsored a panel on the family at the organization’s Socialism Conference 2025. The organization described the topic this way: “How should the left relate to the family? Socialist analysis makes clear that the nuclear family form is an inherently repressive, racist, and hetero-sexist institution that functionally reinforces and reproduces capitalism.”