As government continues to engage in reckless actions from inflation to starting wars, people develop shorter time horizons, creating social vacuums. Increased gambling and other irresponsible behaviors then fill the void.
As government continues to engage in reckless actions from inflation to starting wars, people develop shorter time horizons, creating social vacuums. Increased gambling and other irresponsible behaviors then fill the void.
The deflationary processes have greatly benefited households and businesses under the current fiat dollar standard in recent decades, even though their natural operation has been partially and deliberately stifled by the Fed’s inflationary monetary policy.
The Continentals and other paper monies only temporarily retained some value largely because of an initial promise of future redemption in gold and silver—a monetary “bait-and-switch.”
Great Britain’s Labour government continues to pursue the ruinous policies of inflation and out-of-control spending, all in the name of promoting economic growth. They will get stagflation instead, and then blame the entire problem on capitalism.
The Continentals and other paper monies only temporarily retained some value largely because of an initial promise of future redemption in gold and silver—a monetary “bait-and-switch.”
Financial bubbles, which used to be rare, have become a way of life, thanks to a quarter century of easy money policies from the Federal Reserve System. We need to better understand how bubbles form and why they are so harmful.
The modern western society is built upon the welfare state, yet it is that very welfare state that is undermining the social fabric. It is time to recognize the damage the welfare state is doing and put a stop to it.
Instead of market competition, inflation forces young and old into rivalrous competition for housing.
Instead of market competition, inflation forces young and old into rivalrous competition for housing.
