“Imagine money falling from the sky. Would you slip a tenner into your pocket before you told anyone? Chances are, most of us would trouser a few notes rather than inform the authorities.” This is the opening of economist and banker David…
In his March 1914 Introduction to Andrew Dickson White’s classic essay, Fiat Money Inflation in France, John Mackay offered this ironclad wisdom every lawmaker should memorize: Legislatures are as powerless to abrogate moral and economic laws as…
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