Americans have benefited mightily by holding and trading with the world’s reserve currency, though most people haven’t given it a thought. No one remembers when the pound sterling held this distinction a hundred years ago.
A store of value is not necessarily a medium of exchange, and in our current fiat money system, gold is not money. But it has most of the desirable properties of money, and there is much to learn form the process of how it became money in the past.
A store of value is not necessarily a medium of exchange, and in our current fiat money system, gold is not money. But it has most of the desirable properties of money, and there is much to learn form the process of how it became money in the past.
Yes, it can happen here. Only a fool thinks otherwise.
A free market in money means real freedom to choose what money we use. This may mean people turn to gold and silver. Or they may turn to crypto. What's important is that it's market-based money.
A free market in money means real freedom to choose what money we use. This may mean people turn to gold and silver. Or they may turn to crypto. What's important is that it's market-based money.
Money printing—even at a constant rate—is going to generate the same result as any other money printing. The reason lies in the fact that money creation transfers wealth from productive to unproductive enterprises.
Money printing—even at a constant rate—is going to generate the same result as any other money printing. The reason lies in the fact that money creation transfers wealth from productive to unproductive enterprises.
Bob explains some of the highlights of his newly released chapter for the Mises Institute book on “Understanding Money Mechanics.”
Dr. Robert Murphy joins Jeff Deist to breakdown Rothbard's exposition of money in an Austrian framework.
