Monetary Theory

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Joe Chavez

Mainstream economists define inflation as the increase in an imaginary “price level” that is relatively neutral in its effects. Austrian economists, however, know better, as they realize that the effects of inflating the money supply are anything but neutral.

Frank Shostak

While MMT advocates claim special knowledge, the irony is that they don't understand money at all. Like all progressive statists, they fail to comprehend the economic damage done through their “modern” monetary manipulations.

Claudio Restani

Isaac Newton is best known for his development of mathematics and physics, but he also took a keen interest in economics, especially the relationship of money to economic exchange. He also believed that economic laws, like gravity, were immutable.

Jonathan Newman

Elon Musk‘s latest comments on money make the same errors as we saw with Milton Friedman and the Monetarists. If Musk really wants to understand money, he needs to read Murray Rothbard and Ludwig von Mises.