Monetary Theory

Displaying 11 - 20 of 1075

A Short Essay on Sound Monetary Policy

Money and BanksGold StandardMonetary Theory

Blog01/07/2023

In a market economy, gold is sound money. There is no need for monetary authorities when gold rules.

Read More

Father Time versus Central Bankers

Central BanksThe FedMonetary PolicyU.S. EconomyMonetary TheoryMoney and Banking

Blog12/14/2022

Only Father Time helps us cut through the policy nonsense and understand interest rates conceptually.

Read More

Rothbard on Gold

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."

Read More

Ben Bernanke's Nobel Prize: The Committee Rewards an Arsonist for Claiming to Fight the Fire He Started

Booms and BustsMonetary TheoryMoney and Banking

Blog10/10/2022

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.

Read More

The Velocity of Money Circulation Is Another Economic Myth

KeynesMonetary PolicyMonetary Theory

Blog10/07/2022

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.

Read More

History Repeats Itself: Abandoning Sound Money Leads to Tyranny and Ruin

The FedInflationProgressivismGold StandardMonetary Theory

Blog09/28/2022

The current bout of inflation is the latest disaster in a string of disasters caused by government debasement of once sound money.

Read More

Cryptocurrency as Money—Store of Value or Medium of Exchange?

BitcoinMonetary TheoryPraxeologyValue and Exchange

Standard neoclassical definitions of money call it a means of exchange and a store of value. But is this correct?

Read More

On the Digital Future of Markets and Money

BitcoinCentral BanksInflationBusiness CyclesMonetary TheoryMoney and Banking

Blog06/14/2022

Digitization will undoubtedly bring great improvements and new opportunities for peoples’ lives. But digitization also has a downside.

Read More