Any account of anything is bound to be selective. The human intellect does not have the capacity for comprehending the sum of things in a single panoramic view. Selection is unavoidable, but it also inevitably arbitrary; and, the greater the mass of information from which a selection has to be made, the more disputable will be the investigator’s choice.Arnold Toynbee in A Study of History.
Election Economic Misconceptions (11) Government Expenditure causes
Inflation
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Politicians (mostly on the right) frequently claim that increased
government expenditure causes inflation. This is simply not true.
If the economy is ov...
1 week ago

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