Monetary « Morality101.net

Refuting “Economic Suicide”

By Striker, on September 1st, 2009

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 [...]

Iceland expected to turn left in weekend election

By Dean Striker, on April 25th, 2009

Nobody wants to mention tax rises just ahead of the elections,” said Thorolfur Matthiasson, an economics professor at the University of Iceland. “But if the budget deficit is 10 percent of GDP and the official debt is approximately what the nation can produce in one year, then the politicians will have to raise tax and [...]

Inflation — simply bad

By Striker, on July 13th, 2008

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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Inflation — simply bad

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