Inflation as a Centralizing Force
While monetary authorities and the government claim that they are “fighting inflation,” the truth is that inflation is an important tool for political and economic elites who are centralizing political life.
While monetary authorities and the government claim that they are “fighting inflation,” the truth is that inflation is an important tool for political and economic elites who are centralizing political life.
Economists like to claim that expectations of more inflation lead to, well, more inflation. Such beliefs ignore the fact that inflation is an increase in the money supply and that general price increases result from fractional reserve-created monetary expansion.
Warren Buffett is well-known for his investment acumen, and he often makes public statements in favor of capitalism. But his loyalty to the fiat monetary system undermines everything else that he claims to represent.
Charles Rist was an economist of nearly a century ago who recognized the dangers behind President Franklin Roosevelt‘s attempts to demonetize gold. We are still paying the price for FDR‘s actions.
This article delves into the real cost of war as explained by Joseph Salerno in his book Money: Sound and Unsound. Contrary to Keynesianism, war destroys wealth and destroys an economy from within.
Belief in the fairy tale known as Modern Monetary Theory not only is endemic in US academic and government circles, but is also making headway in Great Britain. We are being forced to learn all over again the lessons of inflation.
Thanks to the reckless policies of the Federal Reserve, businesses are now facing the realities of an economy ravaged by inflation. Look for more signs that say “Closing.”
As Elon Musk and his crew scour the federal government to see what needs to be culled from the herd, there is an obvious agency that cries out for elimination: the Federal Reserve System.
From nuclear war risks to overpriced pennies, USAID’s latest spending spree proves once again that government waste knows no bounds.
High inflation spurred Donald Trump’s defeat of Kamala Harris last November. The economy was the top issue for most voters, and inflation was the top economic issue. As Biden’s partner in economic crime, Harris could not escape the blame for the torpedoing of the dollar’s value.