The first key to understanding inflation is to recognize the difference between real and nominal. If you think about a physical $100 bill, it is easy to understand that 50 years ago, it was still a $100 bill. We called it the same thing, it looked (mostly) the same...
Recent events have made it increasingly clear to Jason Hartman and others that the US economy is in the process of shifting toward one where massive government debt and dependence comes to define the citizenry. The political class is reluctant to reduce subsidies for...
