[This article is a selection from What You Should Know about Inflation, first published in 1960.]
The cure for inflation, like most cures, consists chiefly in removal of the cause. The cause of inflation is the increase of money and credit. The cure is to stop increasing money and credit. The cure for inflation, in brief, is to stop inflating. It is as simple as that.
It is dangerous to reveal the truth about the illegal and immoral things our government does with our money and in our name, and the war on journalists who dare reveal such truths is very much a bipartisan affair. Just ask Wikileaks founder Julian Assange, who was relentlessly pursued first by the Obama administration and now by the Trump administration for the “crime” of reporting on the crimes perpetrated by the United States government.
It is preposterous to assume what customers say is more important than where they place their feet and the price they pay for products or services. The customer’s mind is still elusive and challenging for entrepreneurs. If understanding the mind of the customer were easy, everyone would do it!
Americans are coming into the home stretch of the 2020 election campaigns. The constant media drumbeat of why we must vote has begun, but without any noticeable mention that voting without being informed cannot advance what our Constitution called the “General Welfare.” And the campaigns themselves have largely been filled with promises of using government power to deliver targeted voters something for nothing, rather than central, logically prior issues, such as what the legitimate powers of government are.
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In August, for the fifth month in a row, money supply growth surged to an all-time high, following new all-time highs in April, May, June, and July that came in the wake of unprecedented quantitative easing, central bank asset purchases, and various stimulus packages.
