As the UK descends into tyranny, where just re-Tweeting something the government doesn’t like can land a person a multi-year jail sentence, Americans are wondering, “can it happen here?” After all, we have the guarantees of the First Amendment.

But while we shake our heads at UK authorities jailing people for their social media posts this past week, we should not kid ourselves. The answer is that silencing dissent can happen here and it is happening here.

In their Space, Elon Musk spoke with Donald Trump about the cause of inflation being government overspending.

Elon is right about this, that government fiscal and monetary policy causes inflation. So let’s do a walk through how deficit spending causes inflation:

We first have to understand what inflation is. Inflation isn’t just prices going up, otherwise we are cornered into saying every supply shock or price increase is inflationary.

Inflation is an increase in the money supply. It is seen through an increase in prices.

Hello, and welcome to another episode of the “Minor Issues” podcast. I’m Mark Thornton at the Mises Institute.

In this week’s episode, I’d like to talk about a brand-new paper of mine. It is on Ludwig von Mises and trade in general and international trade and protectionism. Trade, whether international or just across the street, is the great source of our standard of living. You can work 24 hours a day, but if you can’t trade with others, you would likely die!

In his book, Race & Economics: How Much Can Be Blamed on Discrimination? Walter Williams argues that socioeconomic outcomes are not determined by race.