Mises Institute

Frank Shostak has written a simple yet brilliant article over at Mises.org explaining the recent increases in inflation. Ben Bernanke and other establishment economists will have you believe that inflation is caused by high commodity prices, such as the record price of oil. Mr. Shostak notes, correctly, that no single commodity can cause a general rise in prices. Only an increase in the supply of money and credit can cause the overall level of prices to rise. I won't try to explain any further; just read Mr. Shostak's uncomplicated and lucid essay on the true causes of inflation.

Many libertarians laud the American colonists for instigating a revolution against the British crown, and rightly so. I don't see any more effective redress for the time and circumstances. But I have begun to think that continuing such an analogy to the Ron Paul movement is in error.

Can we really call this the Ron Paul Revolution? I say this is a Counter-Revolution. What is revolutionary about bringing back the traditions of freedom and limited government? I say it is revolutionary to call for destroying the Constitution and starting wars to "democratize" those countries we view as uncivilized.

One of the greatest blog posts I have seen in a while; short, yet very telling:
"NYT:

A day after the Federal Reserve disappointed investors with a modest cut in interest rates, central banks in North America and Europe on Wednesday announced the most aggressive infusion of capital into the banking system since the terrorist attacks of September 2001.

And it makes you wonder why they don't do a one-time zillion dollar infusion of 'capital' and make the whole world wealthy forever." - Jeff Tucker, Mises.org