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Is High Inflation Followed by Demands for Sound Money? Usually Not.mises.org/power-market/high-inflation-followed-demands-sound-money-usually-not
198 sats \ 2 comments \ @Undisciplined 12 Jul 2024 econ
By Brendan Brown
The severe losses for the center-right parties in the mid-summer French and British general elections, together with a shift in the US toward MAGA within the Republican Party, pose a severe challenge to the ideal of sound money.
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34 sats \ 1 reply \ @SimpleStacker 12 Jul 2024
In sum, the present factors which have caused the centre-Right to implode may evolve in ways where this grouping can re-invent itself and include an important component based around sound money. Particularly helpful here would be a working-together here in the political arena of sound money forces and the forces which would tackle the monopolistic “capitalism” of our “too-big-to-fail” bailout system.
I'm curious what libertarians / sound-money folk think about Lina Kahn, Biden's chair of the FTC. I don't know much about her other than she supposedly takes a pretty aggressive trust-busting stance. I think run-of-the-mill conservatives like the WSJ Opinion Pages don't like her, but what do libertarians think?
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13 sats \ 0 replies \ @Undisciplined OP 12 Jul 2024
I'm not familiar with her, specifically, but libertarians generally see anti-trust laws as statist nonsense: i.e.
  • Price gauging = charging more
  • Collusion = charging the same
  • Predatory pricing = charging less
The libertarian solution to monopolies is to remove all of their state protections. Very few monopolies have ever persisted in a free market environment.
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