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Tag: Monetary

Refuting “Economic Suicide”

Tuesday, September 1, 2009 Refuting “Economic Suicide” Inflation is always and everywhere a monetary phenomenon. These are the words of Milton Friedman in A Monetary History of the United States. The meaning of those words is that no matter what, inflation is a function of the amount of money available. Inflation occurs when more money […]

Inflation — simply bad

Monetary inflation may seem impossibly complicated, but take heart.  While understanding inflation is essential to everyone, both in sensing the future and to understanding the basics of personal well-being, a degree in economics is unnecessary. Money is basically a “medium of exchange”; an instrument of convenience, which makes it unnecessary to tote chickens or bushels […]

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