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Bending the Inflation Curve

“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output. … A steady rate of monetary growth at a moderate level can provide a framework under which a...

Notes from Lockdown

In times of change learners inherit the earth; while the learned find themselves beautifully equipped to deal with a world that no longer exists. —Eric Hoffer Greetings from Puerto Rico, where this frequent traveler is evidently home for an unusually long time. I want...

The Beacons Are Lit

In the film version of Tolkien’s Lord of the Rings: Return of the King, there’s a three-minute scene you should watch or re-watch. It is relevant to our situation today. Gondor needed to light the beacons for aid. Click here for video. At the other end of the beacons,...