“In the end, deliberate inflation would act like a perverse chemotherapy regimen that ravages the body while leaving the tumor untouched.” —Peter G. Peterson, Running on Empty “There is…
Category: <span>Economics</span>
Awful truth #25: Honest, hardworking adults deserve a decent life. An economic system that fails at this is doomed. “And the companies, the banks worked at their doom and they…
This was an interesting calculation I did for my niece Netty in 2009 (updated December 2024). Thank goodness the deflation hawks don’t know about this. Deflation in prices is not…
(a chapter from the unpublished The Economic Philosophy of a Non-Economist) “Every good or service is subsidized by its history. Therefore, the total cost of a good or service is…
—For every economic system there are advocates who insist on both its inevitability and its fairness. They are always wrong. —The Mohammedan may want his virgins in the afterlife, and…
“If something cannot go on forever, it will stop.” Herbert Stein Reality is a scary place. Don’t go there. No matter what you do, don’t go there. This is…
Should we forcibly eliminate wasteful spending? “It is obvious that two elements are essential to material progress—saving and applying the savings to some useful enterprise.” William Bonner and Addison…