Lessons from the Chinese Hyperinflation of the 1930s
Government greed led to the hyperinflation, which then helped the Communists seize power.
Government greed led to the hyperinflation, which then helped the Communists seize power.
The Austrian school’s insights on economics did not always imply that there is no room whatsoever for governmental intervention. This was not the view taken by Mises himself.
Learn more about the nefarious effects of inflation in a fun way !
In society without coercion (even of the ‘democratic kind’), no one can force you to pay for something you don’t want.
‘Some persons consider that plunder is perfectly justifiable, if only sanctioned by law. But, for myself, I cannot imagine anything more aggravating.’
Since Keynes, fake economists have developed the habit of constructing parallel universes having nothing to do with the real world.