Is Deflation in the United States Possible?
As long as the money- supply rate of growth remains a positive figure, there can be no deflation.
As long as the money- supply rate of growth remains a positive figure, there can be no deflation.
Oh, one last thing. Brazil doesn't have the highest ratio of tax revenue to GDP in the western hemisphere. Cuba does.
Bob DelGiorno of the “First News” radio program on WWL, New Orleans, interviews Professor Walter Block, 7 June 2010.
"Whenever the central bank inflated itself into financial trouble, the government stood ready to allow it to suspend specie payments."
"The quality of a university graduate has been devalued in recent years to the point where an employer will no longer be impressed at all by an undergraduate degree."
"The modern notion that the acts of a political council have, as such, better moral foundation than the acts of the stock exchange is of course nonsense."
Collectivism and interventionism emphasize the importance of national boundaries.
"What if the management is done by the government? Then we abandon the realm of service and enter into the realm of policy."
Seeing the rise of effective new competition, the older artisans and manufacturers turned to the state apparatus to try to shackle the efficient up