Think about this the next time you hear some talking head at the Fed talk about their inflation “target.” Inflation is theft, pure and simple. It’s worse than theft in many ways because of the subtlety and deception of it. It is unethical, immoral, uneconomical, and a destroyer of societies. All honest people, especially those that understand it and benefit from it, should denounce it for the evil that it is.
“Inflation makes it possible for some people to get rich by speculation and windfall instead of by hard work. It rewards gambling and penalizes thrift. It conceals and encourages waste and inefficiency in production. It finally tends to demoralize the whole community. It promotes speculation, gambling, squandering, luxury, envy, resentment, discontent, corruption, crime, and increasing drift toward more intervention which may end in dictatorship.” – Henry Hazlitt
About It's a Learning Problem
Welcome to my blog!
This blog is being created so that I can make my own meager contribution to the advancement of human liberty. I believe that the advancement of liberty is a learning problem and not a teaching problem. My goal is simply to learn. As I learn, I hope to share what I’ve learned with you. It is my hope that in giving, I will receive. As Leonard Read said:
“Why is this simple solution so little recognized, as if it were a secret; or so hesitatingly accepted, as if it were something unpleasant? Why do so many regard as hopeless the broadening of the single consciousness over which the individual has some control while not even questioning their ability to stretch the consciousness of others over which they have no control at all?
Most of the answers to these questions are as complex as the psychoanalysis of a dictator or the explanation of why so many people dote on playing God. Leaving these aside, because I do not know the answers, there stands out one stubborn but untenable reason: the widespread but desolating belief that the world or the nation or society could never be “saved” by the mere salvaging of private selves. People say, “There isn’t time for such a slow process,” and then, to speed things up, they promptly hurry in the wrong direction! They concentrate on the improvement of others, which is a hopeless task, and neglect the improvement of themselves, which is possible. Thus, the world or the nation or society remains unimproved.”
It's A Learning Problem 