Basic Reports

Socialism and Gold

Socialism and Gold Most people assume that the central bank prints money when it buys bonds. They further assume that this increase in the quantity of money causes an increase in the general price level. And, this leads them to assume that the value of the money is 1 / P (P is the general […]

Obvious Capital Consumption, Report 28 Jul

We have spilled many electrons on the topic of capital consumption. Still, this is a very abstract topic and we think many people still struggle to picture what it means. Thus, the inspiration for this week’s essay. Enterprise Car Service Suppose a young man, Early Enterprise, inherits a car from his grandfather. Early decides to […]