Day: February 6, 2013

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Money and inflation

The price of any good is a reflection of the supply of, and demand for, that good. It is important to recognise the manner in which this holds true for money. If the supply of money rises faster than its demand, then the purchasing power of money (the quantity of

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Attaining high economic growth through zero inflation

Government voices have become muted as evidence piles up that the root causes of the world’s economic problems are not free markets but the debasement of currencies by central banks, high taxes, excessive regulation and profligate government. In fact, few countries can claim to have free markets in the true

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