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Monetary policy is never neutral. It benefits some while impoverishing others.
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Regulations imposed on production or consumption place the economy on a lower value-creative trajectory and therefore a lower standard of living.
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The Economics of Prosperity marvelously shows how the main concepts of Austrian economics are connected, and readers of the book will get a good sense of the power of Austrian causal-realist analysis.
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The right way to tackle the problem of inequality is to end inflationary monetary policies. A fortune made through production is a fortune made by serving others. But a fortune made from inflation is a fortune made at the expense of others.
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According to Sohrab Ahmari the free market is a partnership of government and business, in which “crony capitalists” and government officials conspire to mulct the public. David Gordon sets him straight.
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