Comments on: Inflation in One Page

By: Increasing Gas Prices: What’s Seen and Not Seen | Light from the Right

Increasing Gas Prices: What’s Seen and Not Seen | Light from the Right — Thu, 19 May 2011 05:05:45 +0000

[...] Henry Hazlitt pointed out in 2004 in his “Inflation in One Page” explanation: Inflation is an increase in the quantity of money and credit. Its chief consequence is soaring [...]

By: Gary

Gary — Wed, 02 Mar 2011 19:31:02 +0000

Interestingly enough, our federal government has managed to not notify itself that income tax rates did not rise on 1 January 2011. My small pension from 10 plus years in the USPS had federal withholding increase from zero to $5.90 per month. My Navy retirement withholding was increased from $169.54 to $201.74 on 1 March 2011.

My pensions have been frozen for three years, because the cost of living hasn’t risen.

Yet, today gasoline is $3.399 a gallon when it was just $2.649 one year ago.

By: Zeke

Zeke — Tue, 01 Mar 2011 14:36:55 +0000

Required reading for anyone wanting to exercise control …?

It should be required reading for economists.

It amazes me how many economists (and Fed chiefs) don’t understand what causes inflation.

I would stamp on their heads “there is no such thing as cost-push inflation,” and give them a mirror.

By: Rising Prices Eat up Tax Cut | The Freeman | Ideas On Liberty

Rising Prices Eat up Tax Cut | The Freeman | Ideas On Liberty — Tue, 01 Mar 2011 13:35:56 +0000

[...] Timely Classic “Inflation in One Page” by Henry [...]

By: Kevin Beck

Kevin Beck — Wed, 18 Nov 2009 03:22:36 +0000

I would add these:
1. Politics is the redistribution of capital from the productive to the non-productive (a slight restatement of #2 above);
2. The unbalanced budgets of today represent a drag on the future. Excessive government expenditures to prevent failure just make it harder for the successful to continue doing what they should be doing, which is: succeeding;
3. Unbalanced budgets represent the efforts of nationalizing local problems and sticking the entire country with the bill.

I think the above post should be required reading and required comprehension by anyone who wants to exercise control over the citizenry.