“Inflation is always and everywhere a monetary phenomenon.”–Milton Friedman “Inflation” is an increase in the money supply. Higher overall prices are the result of an increase in the money supply. To say that higher prices [more…]
Britain has had a hundred years to perfect its own decline. The pound, which once measured a quarter of the world’s trade, now buys less than it did in 1900 even before the inflation adjustment. [more…]
In a recent article I pointed out that the surest path to saving the fiat dollar from destruction was to make it fully redeemable in gold at whatever that price happened to be on a [more…]
As I have argued many times in the past, the corruption of money itself and its purposeful devaluation is by far the most important problem facing not just investors and savers, but virtually every single citizen on [more…]
We often scoff at supposedly how cheap things cost in decades gone by. For example, my wife and I recently watched a stage play of Jean Shepherd’s A Christmas Story, set in 1940’s America. (The [more…]
Introduction In my essay ‘From Socialism to Welfarism: the Betrayal of the Working Class’, I observed that the early socialist thinkers developed their ideas at the peak of the industrial revolution. Socialist theory was therefore [more…]
For the longest time, according to conventional and widely embraced wisdom, all responsible and prudent members of society had to have a savings account. All those hardworking taxpayers and all those forward-thinking and sensible individuals [more…]
In a totalitarian regime with a single ruling party, people know that all the churned-out propaganda is a pack of manufactured lies – and, what’s more, the leaders know that the people know! Everyone knows [more…]
After the catastrophic covid crisis of 2020 and 2021, the extremely impactful and consequential Russian invasion of Ukraine in 2022, many hoped that 2023 would break this terrible bad spell and finally present us all [more…]
Copyright © 2026 | MH Magazine WordPress Theme by MH Themes