George Reisman's Blog on Economics, Politics, Society, and Culture

This blog is a commentary on contemporary business, politics, economics, society, and culture, based on the values of Reason, Rational Self-Interest, and Laissez-Faire Capitalism. Its intellectual foundations are Ayn Rand's philosophy of Objectivism and the theory of the Austrian and British Classical schools of economics as expressed in the writings of Mises, Böhm-Bawerk, Menger, Ricardo, Smith, James and John Stuart Mill, Bastiat, and Hazlitt, and in my own writings.

Showing posts with label loss if buying power of money. Show all posts
Showing posts with label loss if buying power of money. Show all posts
Sunday, May 31, 2020

Bailouts and the Destruction of the Buying Power of Money

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In the first chapter of Capitalism , I wrote, “In the absence of a widespread, serious understanding of the principles of economics, the ci...
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