Money creation does not benefit equally. It creates a class of winners (those who get new money first) at the expense of losers (those who get new money later). Not surprisingly, an inflationary money supply increases the wealth and income gap in society.
The Fed's "Cincinnatian Problem" by Alex J. Pollack
A Guide to Good Money by Brendan Brown
Twitter Uses Mises to Fact-Check Another Biden Lie by Tho Bishop
Book Reviews from David Gordon
News From the Mises Institute
The Price of Time by Edward Chancellor
The End of Monetary Hedonism by Jeff Deist
Book Review From David Gordon
News From the Mises Institute
Despite little liberalization, global trade grew rapidly over the last decades only to collapse in 2009. Was this growth healthy, though?
Knowing that money or gold cannot be used to provide a fixed measure of value, David Ricardo turned to the value of labor instead. But his labor theory of value has led to many errors including Marxism, land taxes, and much more.
Fed management of the economy and the business cycle has only gotten much worse as it has grown more powerful and destructive. As the Federal Reserve has become more powerful, job losses have generally more severe and the duration of the recovery process has gotten progressively longer.
The most recent job report appears, on the surface, encouraging news for the U. S. economy.
