Socialism, Mises argues, cannot work — not because the people running it are corrupt or incompetent, but because the information required to run it does not exist in any form a planner can access.
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The Iran conflict is disrupting India’s energy supplies and remittances, forcing New Delhi to balance ties with Iran, the U.S., Israel and Gulf states.
Over the past decades price inflation has generally been much higher on asset markets than on consumer goods markets. This is no surprise. Even if the general level of consumer price inflation is only at about 2% per year, households face strong incentives to change their saving behavior. This change triggers a structural shift in relative prices.
Money is not neutral. Every increase in the money supply redistributes wealth before prices adjust — from those who receive the new money last to those who receive it first.
