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Money and BanksGold StandardMonetary Theory
In a market economy, gold is sound money. There is no need for monetary authorities when gold rules.
Central BanksThe FedMonetary PolicyU.S. EconomyMonetary TheoryMoney and Banking
Only Father Time helps us cut through the policy nonsense and understand interest rates conceptually.
HayekGold StandardMonetary Theory
At a time when inflation once again ravages the dollar, we recall Murray Rothbard's wisdom in his article "The Case for a Genuine Gold Dollar."
Monetary PolicyGold StandardMonetary Theory
The Gold Standard Restoration Act seeks to once again tie the US dollar to gold.
Booms and BustsMonetary TheoryMoney and Banking
Former Fed chairman Ben Bernanke and two other economists have received the Nobel in economics this year. Their work on banking is weak on causality and fails to recognize the damage done by the central bank.
KeynesMonetary PolicyMonetary Theory
Anyone who has taken a Keynesian-based macroeconomics course remembers the equation of exchange: MV = PY. This equation, however, is buried in fallacious economic thinking.
The FedInflationProgressivismGold StandardMonetary Theory
The current bout of inflation is the latest disaster in a string of disasters caused by government debasement of once sound money.
BitcoinMonetary TheoryPraxeologyValue and Exchange
Standard neoclassical definitions of money call it a means of exchange and a store of value. But is this correct?
Business CyclesInterventionismMonetary TheoryMoney and Banking
Inflationism terrorizes us.
BitcoinCentral BanksInflationBusiness CyclesMonetary TheoryMoney and Banking
Digitization will undoubtedly bring great improvements and new opportunities for peoples’ lives. But digitization also has a downside.