Archives: October 2024
15 years ago
October 2009
“The Federal Reserve’s monetary base statistics show that in the last year the money in circulation has increased far faster than at any other point in American history. Thus, by the dictionary definition, we have inflation. But prices have been relatively stable because downward recessionary pressures are currently counterbalancing the upward pressures of the expanded money supply. The new money has been largely parked in financial institutions. Thanks to government prodding and aggressive stimuli, it will soon be showered on the economy at large. When the tide rolls in, there will be more money chasing fewer goods. (Recessions reduce the supply of things.) 
The result: higher prices.”
Peter Schiff
“Inflation Returns!”
“Because technologists have yet to figure out how to break government monopolies on levying taxes and making laws, the nation’s elected officials face a much rosier future than the nation’s reporters and rhythm guitarists. But that doesn’t mean the millions of people who have been dancing on the spasming bodies of newspapers and record companies for the last 10 years wouldn’t love to do the same to the country’s most autocratic and self-serving institution. Whatever sins the music industry might have committed, buying a CD is still a wholly voluntary act. Whatever biases your most hated nightly news anchor might harbor, he isn’t taking 25 percent of your paycheck.”
Greg Beato
“Sarah Palin, Maverick at Last”
35 years ago
October 1989
“In China, we come face to face with the deadly contra
Article from Reason.com
The Reason Magazine website is a go-to destination for libertarians seeking cogent analysis, investigative reporting, and thought-provoking commentary. Championing the principles of individual freedom, limited government, and free markets, the site offers a diverse range of articles, videos, and podcasts that challenge conventional wisdom and advocate for libertarian solutions. Whether you’re interested in politics, culture, or technology, Reason provides a unique lens that prioritizes liberty and rational discourse. It’s an essential resource for those who value critical thinking and nuanced debate in the pursuit of a freer society.