The common view of inflation is that it is defined as a general increase in prices. Actually, inflation is expansion of the money supply that results in price increases.
Pakistan, like so many other countries, is seeing inflation close to spiraling out of control. As for finding causes, monetary authorities should look in the mirror.
War dissenters are branded "Putinists" by the foreign policy elites who casually flirt with nuclear war. But preferring negotiations to World War III hardly makes one a Putin sympathizer.
Jakub Bożydar Wiśniewski, an affiliated scholar of the Mises Institute and a voice for libertarianism in Poland, shares his thoughts with Claudio Grass.
The US dollar is not the world's "reserve" currency because of responsibility on behalf of the monetary authorities. Instead, the dollar's "strength" wages from the USA's self-appointed role as the world's protector.
