For the past three years, I have been trying to teach the children in my philosophy classes why virtues and values are far more important than laws and government. Why social norms are the best indicators of a healthy society, not states that give away "free" stuff. Why all freedom comes with responsibility, and why all beauty has to be earned through hard work, otherwise we will not value it as such.

These children, the future generation, at a small school in the country, know more about reality than the adults I have to deal with here in my big city of Leipzig.

Every pupil greets me at school. Most of them behave in my class. Almost all of them except the punishment when they misbehave. And the best thing for me is that most of them love my lessons and can't wait to have the next philosophy or economics lesson with me.

The best compliment I can get as a teacher, and I am the only teacher in my school who gets this compliment, is this:

The bell rings for break, but the kids are still sitting and listening. They don't want to leave! They want to absorb knowledge!

With great power comes great responsibility, or something like that.

Kids are not stupid, our system makes them stupid.

They are curious and want to know about the real world.

We have to be the change we want to see!

That's why I go out there every day to fight the system and protect the kids before they can be corrupted.

Want to understand how inflation impacts your purchasing power?

Let's look at The New Yorker, which publishes the price of each copy right on the front of the magazine.

1925: 15 cents

2024: $8.99

What the heck happened to make The New Yorker so much more expensive?

It's important to understand that technology is naturally DEFLATIONARY.

Everything should be getting cheaper over time, including The New Yorker.

Think about it: printing, writing, & editing technology has improved tremendously since 1925.

So, why is the magazine more expensive now?

From 1925 to 1971, The New Yorker increased in price from 15 cents to 50 cents, an increase of 233.33%.

That's pretty dramatic, but not THAT bad...

But from 1971 to 2024, price increased from 50 cents to $8.99, an increase of 1698%.

So, WTF happened in 1971?

In 1971, Richard Nixon "temporarily" suspended the convertibility of dollars to gold, ending the Gold Standard.

This meant that the Federal Reserve could now print dollars out of thin air without restriction.

Increasing the money supply by creating new money out of thin air is literally "inflation."

"Prices rising" is the result of inflation.

When more monetary units are created, the purchasing power of the monetary units that already exist decreases.

When the government/central bank prints money out of thin air, they are STEALING your purchasing power.

Here's The New Yorker over a few decades:

1971: $0.50

1980: $1.00

1990: $1.75

2000: $3.00

The magazine did not become more valuable, our MONEY became LESS valuable.