supply

The "True" Money Supply: A Measure of the Supply of the Medium of Exchange in the U.S. Economy

02/06/2023Austrian Economics Newsletter
Measures of the U.S. money stock in current use are flawed precisely because they are not based on an explicit and coherent theoretical conception of the essential nature of money.
calculating money

Why Mises’s Theory of Economic Calculation Still Is Relevant Today

Blog02/06/2023

Whether political elites promote outright socialism or interventionism, thanks to the reality of economic calculation, they are advocating a failed economy.

Managing Money Is as Important as Making It: The Sad Case of Athletes Going Broke

Blog02/06/2023

The recent case of retired megastar Usain Bolt losing millions of dollars to bad investments highlights the importance of sound money management.

The Fed’s Portfolio Is Nonexistent: The Fed Does Not Invest. It Destroys Investments

Blog02/04/2023

Economists and pundits mistakenly call the Federal Reserve System's security holdings a portfolio. It is anything but.

Subsidizing Higher Education Is Not Creating Widespread External Benefits

Blog02/04/2023

Contrary to the claim that taxpayer subsidies for higher education provide great social benefits, these subsidies actually are a wealth transfer from the less-well-off to wealthy people.

Why This Recession is Different

02/03/2023Mises Media

Jeff makes the case for viewing today's economy as quite unlike that of 2007—due to steady increases in CPI, more fiscal stimulus relative to monetary stimulus, and ongoing supply shock issues from covid.

It's Never Too Late to Begin Protesting against the Proposed Central Bank Digital Currency

Blog02/03/2023

The proposed central bank digital currencies are not a new and convenient high-tech form of money. Instead, they are yet another power grab by government authorities, continuing the shameful history of government corruption of money.

Ominous Parallels Reconsidered

Blog02/03/2023

Having given a harsh review to Leonard Peikoff’s Ominous Parallels four decades ago, David Gordon revisits the book.

More Recession Signs: Money Supply Growth Went Negative Again in December

Blog02/03/2023

The fact the money supply is actually shrinking serves as just one more indicator that the so-called soft landing promised by the Federal Reserve is unlikely to be a reality. 

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