Mises Wire

The Left continues to attack classical liberalism (although they now call it "neoliberalism") precisely because it's the liberal ideology that continues to provide the most consistent opposition to the leftist program. If liberalism had failed, the Left wouldn't still be attacking it.

The real problem with inflation, properly understood is that it is essentially a wealth transfer away from the most productive parts of the economy. This causes bubbles and economic fragility.

Although the money supply has greatly increased, accompanying growth in production has made it possible to keep the current system of immense debt increase going for a long time.