I have finally collected myself together and continued working hard on making my conspect of the ‘Human Action’ by Ludwig von Mises. [link] Chapter XVII is finally behind.
One of the best parts of the work – in addition to the purely praxeological consideration of the indirect exchange – is the logical, detailed and concrete explanation of the sources of the inflationist policies of the modern (XX and XXI centuries) governments.
This historical and sociological regression is very important, because it makes a lot of the current phenomena very clear: e.g. the role of credit expansion through the issuance of the fiduciary media as a tool of granting particular groups of people out of political convenience.
There is no need in a long search for an illustration to that thesis: Now in Ruᛋᛋia there are a lot of military members – basically all who are smart enough not to throw their money away on booze, meth and cheap AIDS-laden whores – who have been put to the favourable position in the economy. They are buying a lot of real goods (since it does not take a 130 IQ to understand the mechanics of inflation), so everyone else ‘enjoys’ serious price hikes on the housing, automobile-related markets and even on the market of food.
When the dust settles and Ruᛋᛋia loses, the military must pay the bulk of the reparations, because they were many times privileged by Khuilo's government through:
- Inflationist policies
- De-facto authorisation of any crime on the occupied terrtories
- The social programs
- Direct payments