What Causes Stagflation?

What Causes Stagflation?

This article was originally published by Frank Shostak at The Mises Institute.  In the late 1960s, Edmund Phelps and Milton Friedman challenged the popular view that there can be a sustainable trade-off between inflation and unemployment. In fact, over time, according...
The Achilles Heel of the Fiat Money System

The Achilles Heel of the Fiat Money System

This article was originally published by Thorsten Polleit at The Mises Institute.  The fiat money system will not disappear just like that. Any expectations or hopes to that end should be tempered. Yes, the fiat money system could collapse; yet there is a significant...