Monetary Theory

Displaying 11 - 20 of 1034

Why Rothbard Trended on Twitter This Weekend

Anti-PoliticsMonetary PolicyMoney and BanksMonetary TheoryMoney and Banking

Blog08/16/2021

On Friday, Twitter CEO Jack Dorsey tweeted a link to Rothbard's essay "Anatomy of the State."

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Bitcoin's El Salvador Option

BitcoinMonetary Theory

If Bukele really wants monetary freedom for El Salvador, he should not have presented them with what, effectively, is a government handout for bitcoin hodlers and the companies behind the Strike app and other potential intermediaries.

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An Austrian Critique of Robert Mundell's "Impossible Trinity"

Protectionism and Free TradeMonetary TheoryOther Schools of Thought

Blog04/27/2021

The impossibility theorem, developed by Nobel-winning economist Robert Mundell, paints a false tradeoff between the free movement of capital, fixed exchange rates, and effective monetary policy. Under a gold standard, all three are a possibility.

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Why Is Economic Journalism So Bad?

Economic PolicyFinancial MarketsU.S. EconomyMonetary TheoryMoney and Banking

Blog03/16/2021

The financial press gives us the what, when we need the how and why. Economic journalism needs a reset.

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Money Supply vs. Liquidity. What's the Difference?

Monetary Theory

Blog10/27/2020

Changes in money supply and liquidity are not the same thing.

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Mises on the Velocity of Circulation

Monetary Theory

Blog07/07/2020

In this short essay recently found in the Mises Institute Archives, Mises goes over the basics of monetary theory and shows why the concept of velocity of circulation is useless for understanding changes in the purchasing power of the monetary unit.

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A Review of Stephanie Kelton’s The Deficit Myth

Book ReviewsMonetary PolicyTaxes and SpendingMonetary Theory

Blog06/23/2020

The good news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever. The bad news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever.

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To Prevent Problematic Inflation, We Need More Production. Which Means There's Trouble Ahead.

InflationMonetary TheoryOther Schools of Thought

Blog05/25/2020

Price inflation is so difficult to predict, because there are so many moving parts: money supply, demand, money velocity, and supply of goods and services.

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Bitcoin and the Theory of Money

History of the Austrian School of EconomicsMonetary Theory

Blog04/29/2020

In the latest installment of Understanding Money Mechanics, Robert Murphy explains what Bitcoin is, how it works, and how it fits into Misesian monetary theory.

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