Inflation

There is no shortfall of liquidity in financial markets. In fact, there is so much that inflation has become a way of life for market participants. This is not a good thing.

When inflation heats up because central banks hold interest rates to artificially low levels, the standard approach is for central banks to increase interest rates. The better policy is not to artificially manipulate interest rates at all.

How does one act counterculturally and rebel against the systems of dependency? How do young people learn to act wisely without examples? Knowing how to see through the smoke and mirrors of the inflation culture is a necessary skill for a freer and more peaceful tomorrow.

Mainstream economists, not to mention most financial journalists, claim that deflation is as bad or worse than inflation. The Austrians know better. We need deflation and we need it now.

Before J. M. Keynes and Stephanie Kelton, there was John Law. The promise of free money never seems to die.

Before J. M. Keynes and Stephanie Kelton, there was John Law. The promise of free money never seems to die.

Are rising oil prices responsible for inflation? While some economists and many in the media make that connection, the reality is much different. Inflation occurs because of expansion of the money supply.

Drawing on Rothbard's writings on money and central banking, Murray Sabrin makes the case that inflation is a hidden tax, the Federal Reserve is neither independent nor beneficial, and that ending central banking is the unfinished business of the American Revolution.

Critics of capitalism claim that free markets funnel wealth unjustly to the top earners. Yet, as we observe the Cantillon Effects, we can see the role of Federal Reserve policies in enriching the few at the expense of the many.

The so-called money multiplier that exists through fractional reserve banking is propped up by central banking and inflation. It is not a good thing for the economy.