Monetary Theory

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

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

Inflationism terrorizes us.

Economic calculation requires a monetary system that is not sabotaged by government interference.

"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 original monetarists (Milton Friedman), Scott Sumner, and problems with market monetarism.

There are two very effective ways to destroy an economy: hyperinflation and central planning.

Lucas Engelhardt summarizes the basics of MMT.

"We would not expect money to be paper, national, or under the control of any entity."

Few people are aware of what the Federal Reserve System, acting on behalf of the U.S. Government, is doing to their money, writes Hans Sennholz.