misunderstanding

Murray Rothbard once noted that “One of the most common charges leveled against the free market is that it reflects and encourages unbridled ‘selfish materialism’ ... it distracts man from higher ideals. It leads man away from spiritual or intellectual values.” But that allegation is far from true.

There is a current incessant flow of articles warning us of the certain economic calamity if deflation is allowed to show its nose for even the briefest period of time.