Both Inflation and Deflation Cause Wealth Redistribution – But Here’s the Difference
Unlike inflation, which creates winners and losers through the backdoor, deflation causes a transparent redistribution of ownership.
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.
A nation isolates itself looking forward to the possibility of war; but is not this very act of isolating itself the beginning of war?
To be logical, protectionists would also have to be be opposed to all products made by superior technology.
Human labour is a means to an end, not an end in itself. If a ‘job’ is mechanised, labour is diverted to another ‘job’ and society gets double the benefits.
Don”t think that India is immune to this.