Mises Wire

A Deflationary Boom!

A Deflationary Boom!

As Reuters reports, the removal of the dead hand of government, coupled with falling prices, has allowed the long-suppressed entrepreneurs of Iraq to flourish! What a shame Citibank et al will soon be there to corrupt these efforts and that the US will soon re-impose its statist impediments to free exchange.What a shame, too, that we don’t take the lesson to heart a little closer to home. PS - There’s a cure for that distrust of the old 10, 000 Dinar note, effendi - it’s called (at current rates of exchange) 9 grains of Gold!   

 

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