The borrower in a foreign currency is a speculator, a graduate of “exotic” studies is a consumer of luxury goods, and the founder of the family is the president of a home micro-company.
In the end, inflation is always a monetary phenomenon – it is worth noting that this truth not only indicates that alternative explanations for inflation are excuses to distract attention from the “elephant in the room”, but also implies that even the possible explanatory value of these alternative justifications can ultimately be anchored in the monetary and political sphere.
In the past, man was often stupid, but rarely constantly dumbfounded, and often immoral, but rarely constantly demoralized. In other words, the main problem of today’s man is not his degradation, but the learned passivity and the unawareness of being its victim; and the only effective solution to this problem is not “peace and security” but freedom and responsibility.
Ludwig von Mises has repeatedly emphasized that consistently implemented interventionism (also known as the “third way”) must lead to socialism, while consistently implemented socialism must lead to hunger and poverty for all.
To quote the classic: “I’m not on anyone’s side because nobody’s on my side.” Contrary to appearances, this is a statement that does not mean haughtiness or apathy, but steadfastness and vigilance.
If something looks like evil, sounds like evil, and acts like evil, it is undoubtedly evil and must be clearly opposed. However, it should not be forgotten that evil has many forms and plays out its plans on many fronts at the same time, often pretending to be its own enemy.
The “democratic” regimes of this world no longer have any resistance to moving from “flattening the curve” over a two-week period to introducing martial law, imposing an indefinite “sanitary” passport and mass blocking bank accounts.
The role of the most influential “Eastern” regimes is to dazzle classic, brutal tyranny; the role of the most influential “Western” regimes is to suggest that the only alternative to it is green-neo-Marxist “caring” tyranny, and the role of people of good will is to promote awareness that this a fundamentally false choice.
The most influential “opinion-forming” political, corporate, media-entertainment and “educational” centers are currently testing the question to what extent it is possible to completely demean human reason by filling it with content not even lying, but absurd, and not so much systemically ideological as grotesquely self-contradicting.
The various stages of the recent narrative about the threat of inflation bring together all the negative features of the so-called mainstream economics, especially in the field of applications in the so-called economic policy.