The critical question is this: Is the Libra really good — or sound — money? Unfortunately, this question cannot be answered in the affirmative.

The modern norm is that economic growth causes measured income inequality to increase. But to have greater income equality and greater economic growth. It simply requires more free market policies and less government interventionism.

Not only will easy-money policy not increase production, it will impoverish us by inflating away real wealth.

In every trade, a person is giving up something he values less for something he values more. Every time a shopper buys any item from another person, he has improved his standard of living, and so has the seller.