Inflation

Mark Thornton explains how inflation drives the K-shaped economy, why gold and silver remain central to the debt crisis, and why socialism appeals to young Americans left behind by government failure.

Statistics can be interesting and informative, but only if one can properly understand them through sound economic theory.

More than a decade ago, Zimbabwe became synonymous with hyperinflation. While that era has mercifully passed, the nation’s central bank still is following inflationary policies.

The Federal Reserve claims that its policies are aimed a keeping prices stable. However, these policies actually undermine the economy and make it unstable.

Willie Sutton was a famous bank robber. The late Alan Greenspan used banks and the monetary system to take infinitely more money from Americans than Sutton ever stole.

You earn more than your parents did, maybe significantly more. Yet, somehow, the life they built—the house, the retirement account, the sense of getting ahead—feels further away than ever.

The dangers posed by a paper fiat currency were well-known even in the early days of the U.S. republic.

The dangers posed by a paper fiat currency were well-known even in the early days of the U.S. republic.

While Bitcoin in its early days promised freedom from the tyranny of fiat currency, those days are gone. Instead, Bitcoin owners are now satisfied if its value goes up against the dollar.

While Bitcoin in its early days promised freedom from the tyranny of fiat currency, those days are gone. Instead, Bitcoin owners are now satisfied if its value goes up against the dollar.