What You Should Know About Inflation

In order to begin a discussion of the topic, it is necessary to first define what the term inflation actually means. The correct definition is an increase in a nation’s supply of money and credit. In more recent times it has become informal practice to refer to inflation as a general rise in prices. Hazlitt, however, points out that the two meanings are not equivalent, and the failure to grasp this distinction inevitably leads to confusing cause with effect. Inflation, in its proper definition, is almost always the result of government’s monetary and fiscal policies.

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The Virtual Recovery by Paul Craig Roberts

Since mid-2009 the US has been enjoying a virtual recovery courtesy of a rigged inflation measure that understates inflation. The financial Presstitutes spoon out the government’s propaganda that prices are rising less than 2%. But anyone who purchases food, fuel, medical care or anything else knows that low inflation is no more real that Saddam Hussein’s weapons of mass destruction or Gadhafi’s alleged attacks on Libyan protesters or Iran’s nuclear weapons. Everything is a lie to serve the power-brokers.

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Libertarian Anarchy by David Gordon

Libertarian Anarchy would have delighted Murray Rothbard. In this book, a distinguished Irish philosopher defends forcefully and eloquently Rothbardian anarchism. Like Rothbard, Casey considers the state a criminal organization, one that by its nature violates essential human rights. To those who say that whatever its failings, the state is nevertheless indispensable, Casey refuses to give ground. Anarchy would not, contrary to its detractors, land us in lawless chaos: law can and has evolved independently of the state.

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