Why Do We Print Money?

Printing money seems like a no-brainer. Surely it’s extremely obvious that printing money is a recipe for disaster that will result in hyperinflation. Surely the obvious action is to not print money and therefore avoid inflation. Yet every year, every country prints money. Why? Surely the money supply should be fixed. What possible reason could central banks have for risking massive inflation? Why do we print money? Continue reading “Why Do We Print Money?”

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What Causes Riots?

Riots are shocking events where the ordinary rules of society break down. London 2011 was gripped by the sight of burning cars and hooded youths looting shops. But why do riots happen? What reason could there be for such destruction? Is it poverty and unemployment? Are people alienated from society? Or was it simple opportunism by criminals? Are they provoked by police brutality? Or did the police do too little to stop them? Are they the sign of a breakdown in morality? Are they a product of a “culture of dependency”? Or do some people just want to see the world burn?
Continue reading “What Causes Riots?”