Tag Archives: Deflation

Theodore Dalrymple on the culture of inflation

by Aschwin de Wolf Posted on September 6, 2009

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

by Aschwin de Wolf Posted on January 16, 2009

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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