Hyperinflation in Germany, 1914–1923
What the witch was to medieval man, what the capitalist is to socialists and communists, the speculator is to most politicians and statesmen: the embodiment of evil.
Monetary Theory
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When Money Dies, 100 Years Later
Yes, it can happen here. Only a fool thinks otherwise.
MMT Explained with Dr. Robert Murphy
Can newly issued currency be used to pay for public works, health care, college, entitlements, and guaranteed jobs? If it sounds too good to be true, it is—and Dr. Murphy joins the Human Action Podcast to explain why.
Money Supply vs. Liquidity. What’s the Difference?
Changes in money supply and liquidity are not the same thing.
The Economics of Destutt de Tracy
Tracy's deductive methodology, his liberal approach to governmental affairs, and his subjectivism qualify him as a proto-Austrian economist who enjoyed considerable influence not only in France but also around the world.
Monetary Policy Flapping in the Wind
Professor Stephanie Kelton is the leading light of a bizarre proposal known as modern monetary theory. Government deficits are a “myth,” because they don’t matter, because they never need to be repaid. Gordon disabuses this magical thinking.
Austrian Economics versus Keynesian Macroeconomics and Modern Monetary Theory
Presented at Mises University 2020.
Bob Murphy Reviews Stephanie Kelton’s New Book on MMT
Bob wrote a lengthy review of Stephanie Kelton's new book on MMT, The Deficit Myth, for the Mises Institute. In this episode he narrates his review.
Mises on the Velocity of Circulation
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.
