It is easy to oppose Israel’s massacre in the Gaza Strip. Just watch a few horrifying videos. What is not easy is understanding the price system, its prerequisites — private property and free exchange — and its benefits for mankind, including civil peace.
Understanding Money and Inflation in Today’s World
Leaving aside the events that made the current monetary system possible, banknotes that are printed monopolistically (currency) by central banks have purchasing power and serve as a general medium of exchange (money) for billions of people around the world. Such...
