I used to think that hyperinflation and inflation differed only in magnitude. However, a friend pointed out that they could be considered as arising from different...
Mail out "tax rebate" checks. This is not a "tax cut" even though it might be labeled a "tax rebate." The label is unimportant. Functionally, it is a "government check...
Another reason for this phenomenon, it seems to me, is that most gold standard advocates today don't really have a sufficient understanding of monetary economics, in the...
The world doesn't work like this at all. Just think of why borrowers and lenders get together in the first place. The borrower thinks: "If I borrow this money, then I...
