Inflation versus Morality
Diluting the money supply using “monetary policy”is the moral equivalent of diluting the milk supply with water.
Diluting the money supply using “monetary policy”is the moral equivalent of diluting the milk supply with water.
See also the article ‘The True Founders of Economics: The School of Salamanca’ for some context on this school.
The relationship of unemployment to interest rates is almost the exact opposite of that suggested by Keynesian theory.
A high-sounding euphemism for continuous currency debasement.
Unlike inflation, which creates winners and losers through the backdoor, deflation causes a transparent redistribution of ownership.
The profit motive is a popular target of progressives and socialists. But the criticisms are often based on misunderstandings of how a market economy based on private property works.