Karl-Friedrich Israel

  We are living in the age of inflation. Although inflation has existed in one form or another since the beginning of the monetary economy, no economic system has ever institutionalized and perpetuated the devaluation of money to the same extent as the system we live in today. According to the official inflation figures from the United […]

  Increasing inequality is a hot topic in many developed countries, especially among younger generations. Many have suggested that higher tax rates at the top income level would solve the problem. French economist Thomas Piketty, for example, advocates for this solution not necessarily because it would increase government revenue and redistribute income, but primarily because […]