Tag Archives: wealth of nations

The Deflation Bugbear

Dear Friends,   It seems to me, when economists worry about deflation it is like a doctor worrying about a runny nose, they both are concentrating on a symptom, not the underlying disease. The consensus among economists is that deflation … Continue reading

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Envy and Self Interest

Dear Friends, It seems to me our leaders have absolutely no concept of how the market system works or the implications of destroying it. Obama’s executive order the other day is a prime example of this. In his speech he … Continue reading

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