History Repeats Itself: Abandoning Sound Money Leads to Tyranny and Ruin
The current bout of inflation is the latest disaster in a string of disasters caused by government debasement of once sound money.
Monetary Theory
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The Velocity of Money Circulation Is Another Economic Myth
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.
History Repeats Itself: Abandoning Sound Money Leads to Tyranny and Ruin
The current bout of inflation is the latest disaster in a string of disasters caused by government debasement of once sound money.
Cryptocurrency as Money—Store of Value or Medium of Exchange?
Standard neoclassical definitions of money call it a means of exchange and a store of value. But is this correct?
The Sphere of Economic Calculation
Economic calculation requires a monetary system that is not sabotaged by government interference.
Thomas Paine on Paper Money
"Most of the advocates for tender laws are those who have debts to discharge, and who take refuge in such a law, to violate their contracts and cheat their creditors."
The Fallacy of Market Monetarism
The original monetarists (Milton Friedman), Scott Sumner, and problems with market monetarism.
Hyperinflation
There are two very effective ways to destroy an economy: hyperinflation and central planning.
