Have we overcome the problem of economic scarcity?
Aren’t the quantity and variety of goods available on American grocery store shelves proof of this?
What does economic scarcity really mean?
What makes an item capital rather than merely a consumer good?
What is circulating capital?
How does government manipulation of interest rates send false signals to businesses?
What are the consequences of these false signals?
Is inflation an expected rise in general prices?
Is that what it always meant?
Dr. Cleveland explains the myth about the meaning of inflation.