March 2007
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Jean-Babtiste Say about governments
An interesting article about Jean-Baptiste Say by Amadeus Gabriel:
Thus, society could work without government management if people carried out their business and let other people carry out their business at the same time. Say underlines his position by giving some historical examples. Writing in 1819, he observes that at times during the previous thirty years, [...]
Inflation is the increase in the money supply
How do you like it when someone is exchanging nothing for something?
Kings did it in the past and we are doing it at the moment in massive scale as well.
Money and Inflation: The Tendency to Deny Reality by Frank Shostak.
Governments are killing you
“Too many people living in democracies are lulled into believing that they are free because they have the right to vote and elections are held periodically. If you take conscription for military service as an example, I think you would find that if it was proclaimed by a sole monarch, the people would revolt and [...]
Your pension is not paid for (most likely)
Most of the developed countries have state pension systems that are dependent on annual tax revenues. This system based on false promises and illusions is something that will not last forever. Watch out and read Oskari Juurikkala’s article about Old-age Security Without the State.
Legal counterfeiting
Printing money does not increase the amount of products and services available in the market. It only increases the prices in the long term, in the short term it creates an illusion of increased wealth before the slow adjustment of prices catch up.
“The services money renders are conditioned by the height of its purchasing power. [...]