Tag Archives: inflation

How money supports civilization

Who possesses much silver may be happy; Who possesses much barley may be glad; But he who has nothing at all may sleep. –¬† Sumerian Proverb¬† 2500 B. C. If you were going to pack a suitcase with things you … Continue reading

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How Rent Control Destroys Cities

In many cities governments maintain rent control ordinances which date back to the 1960′s or even earlier. These laws make it a crime for a landlord to charge rents higher than they were at the time the law was originally … Continue reading

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Why we have recessions

Inflation has, of course, many other bad effects, much more grave and painful than is realized by most people who have not lived through a serious inflation. But the effect that is most devastating, and at the same time the … Continue reading

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