Understood properly,  inflation is not a general increase in prices but is an increase in the money supply “out of thin air” which brings about the impoverishment of wealth generators.

When inflation is seen as a general increase in prices, then anything that contributes to price increases is called inflationary. In this framework, not only does the central bank have nothing to do with inflation, on the contrary, the bank is regarded as an inflation fighter.

But, on this Ludwig von Mises wrote,

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The Trump campaign shared a video on social media this week, claiming Joe Biden had ripped off a slogan from British prime minister Boris Johnson.

The most influential book in contemporary political philosophy remains, after nearly fifty years, John Rawls’ A Theory of Justice, supplemented and modified by his later Political Liberalism. As readers no doubt know, Rawls isn’t very friendly to the free market. This raises a problem for some people. They are political philosophers themselves and, like most members of the guild, they admire Rawls. But they also support the free market. What should they do? One way out would be to abandon either Rawls or the free market.

Restrictive measures are those measures undertaken by the authority which directly and primarily are intended to divert production, in the widest meaning of the word, including commerce and transportation, from the ways which it would take in the unhampered economy. Each interference diverts production from the channels prescribed by the market.

Here are my thoughts on which presidential candidate will do less harm to the US economy and why Dwight D. Eisenhower was the best president of the postwar era.

Much Progressive thought is based on the theory of power structures. It states that all disparities, inequalities and differences in economic and cultural power in society must inevitably be attributed to innate discriminatory forces within that system. This idea originates from Karl Marx’s theory of Surplus Value: it states that an employer making profit is inherently a form of worker exploitation.

It’s becoming increasingly clear to even mainstream media outlets that things are unlikely to return to “normal” after the 2020 election.

No matter who wins, it is likely the losing side will regard the winning side as having obtained its win using dirty tricks, foreign meddling, or through relentless propaganda offered up by a heavily biased and one-sided news media.

And if about half the country regards the winning president as illegitimate, where does one go from there?

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