Dude, Where’s my Inflation?

It is often held as conventional wisdom that expanding the money supply means causing inflation. Those claiming this say that “printing” more money will automatically increase the prices of goods and services in an economy. In the view of many, the expansion of the money supply somehow bypasses the forces of supply and demand and…

Gold Does Not Prevent Price Instability

The primary reason that an-caps choose the gold standard is the belief they have that the ability of governments to print more money causes inflation. It is this ability to inflate currency on demand that causes inflation. This according to them cannot happen if we have a gold standard. Of course this is not what…

Venezuela and It’s Currency Devaluation

Recently Venezuela devalued its currency which has caused a great deal discussion among the people and the media. As to be expected the right wing media and the Western media has claimed that this is some sort of desperation move by the government to prevent a massive economic collapse. Right wing media and generally the…