The only thing that saves citizens from much higher prices is the fact that the transmission mechanism of monetary policy is independent and diversified. Imagine if that transmission was direct and had only one channel, the central bank itself.
Only the unhampered capitalist economy allows full and unfettered charity to flourish in society. Dr. Hülsmann’s new book makes the case for private property, sound money, and private charity as the building blocks for a healthy society.
San Francisco, as well as the government of California, is calling for millions in "reparations" for black people in that state. Reparations, unfortunately, are fast becoming another anti-property-owner racket.