Socialism’s Secret Weapon in Venezuela

Analysts usually look at how inflation affects the economy, which is an important measure. But inflation also has broader consequences on individuals, and society as a whole, that go beyond monetary considerations. The German-born anarcho-capitalist economist and political theorist Hans-Hermann Hoppe points out that inflation is a powerful, yet subtle tool for the state to quietly gain control of our resources. Sadly, since citizens don’t immediately notice it, there is no backlash. One could argue that inflation is just another way that socialism controls the population. More…