Tag Archives: Deflation

Theodore Dalrymple on the culture of inflation

In the Summer 2009 issue of City Journal Theodore Dalrymple  discusses the cultural effects of inflation: asset inflation—ultimately, the debasement of the currency—as the principal source of wealth corrodes the character of people. It not only undermines the traditional bourgeois … Continue reading

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Crass Keynesianism

A recurrent comment about public policies inspired by Keynesian economics is that they are crass or vulgar. Instead of seeing a complicated  and unpredictable interplay of individuals pursuing their own ends, society is perceived as a giant machine (“the economy”) … Continue reading

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