This has to be one of fake rancher Clayton Tucker’s biggest retard moves yet.
After screaming about “monopolies” for the last nine months, he links to a Mises Institute article that says the EXACT OPPOSITE!
Either Comrade Clayton has zero reading comprehension skills or he didn’t bother to read the actual article all the way through. So he’s either stupid or lazy. I’ve always said he’s both.
However, assume there are increases in the prices of goods by alleged monopolists. If the money stock remains unchanged, however, then no general increase in the prices of goods and services will take place.
Hence,increases in the money supply underpin the underlying rises in prices and not monopolies. Without the support of the money supply, all other things being equal, no general increase in prices can take place notwithstanding monopolies.
The idea that government should regulate so-called monopolies to promote competition and prevent the acceleration in price inflation is a fallacy. What causes price inflation is the monetary policy of the central bank. Furthermore, harmful monopolies cannot emerge without government issuing licenses or other restrictions.
LOL! I’m not sure if Comrade Clayton even knows this, but the Mises Institute is a hard-core AUSTRIAN ECONOMICS think-tank. They are about as radically free-market and libertarian as you can get…and the Fake Dummy Rancher links to one of their articles completely disproving all of his beliefs. HAHAHAHAHA!! Too funny.
The BIGGEST cause of inflation (and Milton Friedman would argue the ONLY one) is government money printing and debasement of the currency. That is something gold and silver understand very well. Gold has gone from $35 an ounce to $3,600 an ounce since we went off the gold standard in 1971. You going to blame “greedy gold monopolies” for that, too? Moron. The price of EVERYTHING is up about 30% since the Covid money printing. That would be the “stimulus” that morons like you and Bruce Haywood screamed for back in 2021.
Dude, you were a PoliSci major – one of the biggest jokes there is. You know absolutely nothing about economics, math, business or how the real world works. You are a tiny mosquito in a small town who lives with his mom at age 35. That’s it. Go get a job, you clown.
Now watch the monkey dance for me as he eliminates that link from his website in 3…2…1…