Teaching Inflation – Tucson Wake Up!!!!
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Mises Daily: by T. Hunt Tooley
I had a great teaching experience early last school year. I taught the history of inflation, and I have never timed a course better. I have taught in colleges and universities since 1985, and I have often thought about doing a course on the history of inflation. But this time, current events pushed me to go ahead. Of course, it was clear to me long before the spring of 2008 that the federal government was inflating the money supply. As a historian of war and a student of Austrian economics, I have long known that higher-than-normal monetary inflation would become painfully apparent during our glorious War on Terror, WMDs, Iraq, and Afghanistan. Since World War I and earlier, inflation has always been the handmaiden of war (inflation being a silent theft from the populace through which any war government can help finance the horrendous costs of the war). Moreover, the Fannie Mae/Freddie Mac fiasco and the massive credit expansion of the Fed were fueling a boom of really huge proportions.http://mises.org/daily/4245
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