When the idea of a totally free market is floated in economic discussion, a widely accepted critique of such an idea is often related to the issue of how goods and services could be guaranteed safe for consumption. After all, without a government sending inspectors and decreeing standards of safety for products, it is often assumed companies, in their everlasting quest for profits without mercy, would have no incentive against selling whatever brings in the most cash.

Interventionists always blame inflation on everything and anything except the only thing that makes aggregate prices rise: Issuing more units of currency than the real demand. Seller inflation is the same excuse and fallacy as cost-push inflation. A way to confuse citizens and assign causation to something that cannot make aggregate prices rise.

People with jobs, children, and actual responsibilities might not have noticed, but Hollywood is nearly shut down right now thanks to both a writers’ strike and an actors’ strike. Or more accurately: only the writers and actors who are members of unions are on strike. Members of SAG-AFTRA (SAG) and the Writers Guild of America (WGA) are refusing to work until TV and movie studios agree to a variety of demands.