It is no surprise to the daily English commuter that British Railway has always fallen short of providing adequate services to it’s customers. Dissatisfaction is at an all-time high, with high ticket fares and poor timing schedules.

Listen to the Audio Mises Wire version of this article.

Listen to the Audio Mises Wire version of this article.

By some theories such as the Modern Monetary Theory (MMT), money originated on account of the government decree. Money according to the MMT is what the State decides it is going to be.

Listen to the Audio Mises Wire version of this article.

A gentleman who does work for us sent me a text recently saying the price of his supplies has increased 20 percent, so he wants to increase his monthly fee 10 percent. It was a nice way to ask, and I said sure, especially given that he’s willing to take a haircut on his labor to make the increase more palatable.

Chairman Jerome Powell would be happy to hear this story, as the Federal Reserve prints mightily to push the CPI (Consumer Price Index) to 2 percent and beyond. Though perhaps Chairman Powell would prefer my tradesman to pass a full 20 percent price increase to me.

Listen to the Audio Mises Wire version of this article.

Priti Patel (the UK secretary of state, akin to the US’s attorney general but with a much wider purview) has been recently considering new laws to tackle a spate of dog thefts across the country. The crime wave has been spurred by lockdown measures, with many people desiring “covid pets.”