By Mises.org, Originally printed in Newsweek on October 14th, 1946 as "Inflation, Deflation, Confusion." Available in Business Tides: The Newsweek Era of Henry Hazlitt
Hazlitt, 1946: Inflation, Deflation, Confusion
Submitted by Richard Ebeling via EpicTimes.com,
What does freedom mean? What is the purpose of government? And what should be the government's relationship to each of us as individuals and as members of society as a whole? These issues recently came up during a dinner conversation with a new acquaintance with whom I'd not previously had such a discussion.
One of the media's recurring laments used to explain Trump's success in the primaries, is all the unprecedented attention and coverage the New York billionaire gets for free from the press due to his "shock value." According to NYT calculations, Trump has received about $1.9 billion in free advertising equivalents. As of today, thanks to a curious attempt at satire by the Boston Globe, one can probably round that up to $2 billion.
The elite of America seem to always say the most unsettling things. The most recent example of this comes from “beloved” Las Vegas casino baron Steve Wynn. Apparently, Wynn believes that rich people do not want to be near poor people. According to CNN: Wynn, the CEO of Wynn Resorts, said during his company’s investor day presentation late Wednesday that wealthy gamblers who come to his high-end casinos don’t want the less fortunate hanging around with them. “Rich people only like being around rich people,” he said.
As SHTFPlan.com's Mac Slavo noted,
How far we have fallen! The American Dream used to be attainable to all who worked hard, and freedom was still a tangible thing that many experienced. People used common sense and wisdom from experience to make it through life.