In the first part of this two-part series on inflation and deflation we discussed how money came to be used to facilitate trade. Metals were the best commodities for use as money because they were durable, relatively rare, and were easy to mold into identical pieces. As the wealth of
Tag: The Basics
It sounds strange to a lot of people that both deflation and inflation are being talked about right now as if they could possibly happen at the same time. If inflation is rising prices, and deflation is falling prices, how could they happen at the same time? In fact, there
You do not have a RIGHT to medical treatment. That’s right, you heard me. You do not have a RIGHT to medical treatment, PERIOD. Let that sink in a bit. We’ll come back to it. Now, there is a whole lot wrong with socialized medicine. Economically, of course it is a disaster.
I’ve decided to start a new category called “The Basics.” When someone asks me a question that is basic to the libertarian political philosophy, to objectivist ethics, or economic principles, I’m going to try to write an article that answers their question and post it here online for those who