Mises Wire
Author:
Jörg Guido Hülsmann
Online Publish Date:
Monetary policy is in turmoil. Ever since the financial crisis erupted eight years ago, major central banks have fundamentally reformed the way they create and absorb money. Their activism has failed to extinguish the fires. There are already plans to equip monetary policy with new tools, such as the elimination of cash and “helicopter money” in