Monetary Theory
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A Permanent Wartime Economy
Resources are scarce even when money is not.
Forget the Liquidity Trap—Loose Monetary Policies Cause Recessions
At the heart of Keynesian business cycle theory is the so-called liquidity trap. Contra Keynes, however, economies don't falter because a sudden increase in the demand for money.
Ludwig von Mises’s Monetary Theory in Light of Modern Monetary Thought
Ludwig von Mises’s contributions to the development of the technical methods and apparatus of monetary theory continue to be neglected today,
Forget the Liquidity Trap—Loose Monetary Policies Cause Recessions
At the heart of Keynesian business cycle theory is the so-called liquidity trap. Contra Keynes, however, economies don't falter because a sudden increase in the demand for money.
The Power to Destroy
The Communist Manifesto pushed a heavily progressive income tax as one of ten key ways to undermine the market order. Unfortunately, the idea didn't die with Marx.
Do Correlations Help Define Money?
Monetary authorities have come up with numerous clever ways of measuring money. However, they are unable even to define money, much less measure it.
It’s Never Too Late to Begin Protesting against the Proposed Central Bank Digital Currency
The proposed central bank digital currencies are not a new and convenient high-tech form of money. Instead, they are yet another power grab by government authorities, continuing the shameful history of government corruption of money.
The Modern State Cannot Exist without Fiat Money
Fiat money is the fuel of the modern Leviathan state. If we wish to have freedom, we must have sound money.
How Fast Should the Money Supply Grow?
As Murray Rothbard wrote, inflation is not an increase in prices. It is, instead, an increase in the supply of money in circulation. The distinction is important.
