The root cause of inflation is very simple: the central bank produces money out of thin air.
A case in point: Fed’s Inflation Analysis Ranks With Zimbabwe’s: Caroline Baum
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The Gold-Plated Sting
March 3, 2007Why don’t we use gold as money anymore?
The Gold-Plated Sting by Gary North.
How Society Works: Plato's Contribution
February 28, 2007How Society Works: Plato’s Contribution By J.G. Hulsmann
2.400 years ago Plato spoke about the importance of division of labour. So who’s the adam smith now?
Sound Money
February 21, 2007Ludwig von Mises: “It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments.”
Read the article by Thorsten Polleit.
Francisco's Money Speech
February 10, 2007From Ayn Rand’s Atlas Shrugged:
“So you think that money is the root of all evil?” said Francisco d’Anconia. “Have you ever asked what is the root of money? Money is a tool of exchange, which can’t exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value. Money is not the tool of the moochers, who claim your product by tears, or of the looters, who take it from you by force. Money is made possible only by the men who produce. Is this what you consider evil? Continue reading..