Conquered and captivated under illusions maintained, a people kept in silence by smartly-dressed edicts and articles of shame — the clever comptrollers and dutiful deceivers, their methods are madness with ends much the same. The methods used to support every claim, the issues described squeezed into a single frame, to suit their grand strategy in their sheer political game. * * * Apart from the ever-changing calculus around the basket of goods and the suite of hedonic adjustments, one thing I find strange about the discussion around the matter of inflation is that (in addition to the proper definition of ‘inflation’, and thus the proper method for measuring it and gauging its effects) nobody ever seems to talk about this: the fact that, as the base (whether prices or the money supply) increases, the percentage change may shrink (or appear relatively small) while the actual gains (in prices or money supply) are rather significant. The following demonstrates the p...
During the American Revolution, one of the most popular rallying cries was “No taxation without representation!” This came at a time when the American colonists were being subjected to progressively higher taxes — imposed on progressively greater numbers of goods — levied by the Crown with the assurance that the colonists enjoyed “virtual representation”. Of course, this “virtual representation” was no representation at all, as the “virtual representative” was not elected by the colonists nor disposed to their grievances. Well, there are those among us who fail to recognize (or to admit) the parallels present in the modern day, where taxes on Americans are not just unfathomably higher than when the colonists decried the injustice; they are just part of the total cost imposed upon a people not present in the negotiations nor properly represented in the government which claims to have resolved the problems of the past. A recent YouTube comment illustrates the misconception: “ T...