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North shows us the “blueprints” of economic principles and banking. He does know how to present his ideas in ways that will grasp the attention of readers and make those ideas easy to understand. North has such topics in the 1st part of his book as the value of money and its origins, and the maintenance of honest money as contrasted with the debauching of currency through monetary inflation. He is careful to correctly define inflation as simply an increase in the supply of money, which in the ends produces a general rise in price levels. It is a common practice today for government officials, Federal Reserve , bankers, economists, writers, and all leading financial publications to “figure out their own excuses for economic cause and effect by incorrectly defining inflation as a general rise in the price level...
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