Is Deflation a Concern?

Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the…

16-fold

Let us pretend that you have had cable television for about fifteen years (since 1999). The first year that you had it, you paid $50/mo for 100 channels. The next year the cost went up to $55 for those same 100 channels, but you thought, “Well, I’ve really enjoyed watching (American) football on ESPN and…