Explorations in economics, sound money, and the ideas that shape markets.
For the better part of a century, the word "deflation" has been wielded like a talisman to justify endless money creation and the slow impoverishment of savers. But what if the story has been told backwards? What if deflation is not the disease, but the cure that a sick system refuses to take?
Read more →For over a century, two schools of monetary thought have waged a quiet war over the most deceptively simple question in all of economics. One traced the answer to the marketplace and the search for a universally saleable good; the other, to the ancient tablets where debts were first inscribed. Both were right, and both were wrong.
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