Teaching Inflation – Tucson Wake Up!!!!

The components of the US money supply, express...
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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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Comments

67 Responses to “Teaching Inflation – Tucson Wake Up!!!!”
  1. Don’t you, by any remote possibility, pattern facebook or twitter BG’s?

  2. Ciel says:

    is it true he is dating Kim?

  3. Caralyn says:

    i dated brad pit

  4. keegan rieks says:

    I however have belief that this most of The states was not that ridiculous to vote for Obama.

  5. Cabinets says:

    This is such a great post, and was thinking much the same myself. I wish I had your insight.

  6. Cybele says:

    Obama is definetly destined to be a 4 calendar year chief executive.

  7. i won’t accept every bit of you, you morons..
    .each point youre chatting of is weapon expenditures..
    ..use your mind stop acting like young children. its truly dismal so see how idiotic so numerous people are..
    .

  8. Obama is a whole lot worse than Carter.

  9. Saul says:

    Other compared to the tempo troubles, I won’t be able to actually complain very much about facebook or twitter.

  10. Christian says:

    Paul in 2012!!!!!!!?!

  11. Seif says:

    obama go F your self cease sucking the liberty we have now overlooked people

  12. Blake says:

    The Holy bible is my chart

  13. Chana says:

    Barney Frank is as awful as Pelosi

  14. Cathal says:

    I truly feeling detrimental for a lot of in the weak persons who turn down to work out for Christ Christ

  15. Tomas Arrigo says:

    Simply currently, I am considering establishing a small house-based mostly biz. I still no longer know perfect way begin so I am fuelling myself with lots of informations from professional entrepreneurs, like you.

  16. medyum says:

    I am not a supporter of this so called Healthcare Bill. I am 47 self-employed Healthcare worker and uninsured. If this Bill passes the govt can kiss my rear!! On page 59 it states you will have to give the govt your bank acct# so they can withdrawl money from your acct monthly, well I have news for them I will close my accts. This Bill is age discrimination, I see many law suits coming over this Bill. I think the best thing to do if it passes is a complete rebellion by the American people!! Our own govt is making fun of the American people that do not support this Bill, they seem to think we are being paid to protest, what they fail to see is that the American people are pissed off! They have no idea what is about to hit them right square in the face it is call We The People!! They have never seen our rath because people have given to much trust to our elected officials but the sleeping giant is awake now! Also in this Bill is over 1000 earmarks, yep more special interest payments for Obama supporters. Join me and hopefully many others in Washington DC on 9/12/2009 to let your voices be heard! God bless our great nation.

  17. Good luck. I hope it works Tom but be sure to make plan B, C, D etc. Im sure you can see the necessity of flexibility when facing the history of unconstitutional retroactive legislation devised to smooth over all that has been enacted since the time when Ohio was a territory and not a state. Few have the caliber to ask forgiveness for mistakes made on that level when they all live in denial, unlike Crockett.We can expect tactics for voter registration similar to those recently used to push detrimental legislation through. Its nothing new. LBJ had to burn the courthouse records to smooth over his early election fraud. Lower courts seem to be a corrupt drag on any litigation that needs urgent supreme court attention even with a five to four disadvantage. No Crockett in there either. Roosevelt even tried stack it by adding five members to get his way.Can you imagine what the media coverage would do to Davy today??Dont know what all can be done to correct all the evil issues but Ive refused to swallow the wasted vote approach for over fifty years hoping the fall would get fast enough to be recognized for what it is in spite of media whitewash. Ive lived to see that.Who knows? I may live to see a majority realize that the least of two evils is just that.

  18. Ne’er knew this, thanks for letting me know.

  19. Jerold Kabus says:

    This is probably the worst articles I’ve find in a whilst. You really did a fantastic job of butchering the knowledge in your post I don’t believe you should even be allowed to post crap similar to this publicly. What a disgrace.

  20. I agree with this 100%

  21. Unlimited. The power of the Federal Government to regulate our lives in any way it wants is unlimited. If this is not Fascism, pure, naked, and simple, nothing is and the rationale for it is six words in Article 1, Section 8, Clause 3 in the Constitution, which specify an enumerated power of Congress to regulate Commerce among the several States.

  22. We all have our assumptions about what will happen in the offseason, but though Im semi-joking, I wouldnt be half surprised to see Sabean trade for a 3B and a 1B and bench Sandoval. Hell, he doesnt even have two seasons under his belt. No veteran savvy.

  23. data mining says:

    thanks to the author for taking his time on this one.

  24. i love that stuff, great reading.

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