About This Blog

Ludwig von Mises (1881-1973) was the greatest economist of my time. His greatest works can be accessed here at no charge.

Mises believed that property, freedom and peace are and should be the hallmarks of a satisfying and prosperous society. I agree. Mises proved beyond a shadow of a doubt that the prospect for general and individual prosperity is maximized, indeed, is only possible, if the principle of private property reigns supreme. What's yours is yours. What's mine is mine. When the line between yours and mine is smudged, the door to conflict opens. Without freedom (individual liberty of action) the principle of private property is neutered and the free market, which is the child of property and freedom and the mother of prosperity and satisfaction, cannot exist. Peace is the goal of a prosperous and satisfying society of free individuals, not peace which is purchased by submission to the enemies of property and freedom, but peace which results from the unyielding defense of these principles against all who challenge them.

In this blog I measure American society against the metrics of property, freedom and peace.

Friday, April 13, 2012

Thanks To The Federal Reserve...

...Obama: We didn’t have “the luxury” for Michelle to not work

Let's take the President at his word, i.e., nowadays one salary just won't support a family of four. When I was young, one salary could support a family of six. When my father was young, one salary could support a family of five during the Great Depression. So why is this?

It's called price inflation and it's caused by monetary inflation. It's been the policy of the US Federal Reserve since 1913. It's the monetary policy this administration defends and advocates.

Regardless of your personal opinion with regard to "stay-at-home-moms," we can thank the Federal Reserve for making this lifestyle option nearly financially unfeasible for today's "working class" families.

Another wonderful innovation in American life brought to you by the "progressive" political movement.

No comments: