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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label value deflation. Show all posts

Friday, August 29, 2014

Checklist for Claims that “There’s No Inflation”

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From Zero Hedge/Shane Obata (bold original) Presenting the “There’s No Inflation” Checklist 1) Don’t go to school – if you want to...

Tuesday, May 14, 2013

UN’s FAO on World Hunger: Let them eat insects

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Many nasty side effects of inflationism has not only been to reduce the quality of products and services (value deflation) as well as to p...

Saturday, May 04, 2013

Side Effects of Inflationism: Rat Meat, Horsemeat and Fake Tuna Scandals

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Due to price instability brought about by inflationist policies, one of the major nasty side effects has been to encourage a decline in qua...

Tuesday, October 16, 2012

In Greece, Sales of Select Expired Goods Now Legal

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In Greece, food shortages signified by food price escalation has prompted authorities to allow the sale of select “expired” foods. From...

Sunday, September 30, 2012

How Inflationism Brings About Quality or Value Deflation

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Retired professor Michael S. Rozeff at the Lew Rockwell blog explains how monetary inflationism results to the deterioration or deflation ...

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