Nik Bhatia presents a counterintuitive view of how money operates in our current banking system and takes a glimpse into our monetary future.
Ludwig von Mises was the great opponent of John Maynard Keynes. In this blistering article, appearing for the first time online, Mises unmasks Keynes as an advocate of the pseudoscience of monetary magic.
Popular commentators and politicians often express loud opinions about exchange rates and balance of payments. As Dr. Frank Shostak writes, the facts differ widely from popular perception.
Current rates of inflation are worse than what the government claims. Not surprisingly, the government gains when people are fooled.
In 1950, Ludwig von Mises warned against increasing the costs of labor via pension programs and Social Security. This article is online for the first time.
Inflation erodes morals in creeping, insidious ways. It replaces social bonds with government controls.
Legal tender laws create special privileges for government money. That kills true currency competition and favors the state's monopoly power.
Once public opinion is convinced that the increase in prices will continue, everybody becomes eager to buy as much as possible and to restrict his cash holding to a minimum size.
Abstract: This article explains the theoretical importance of the quality of money as a factor of the demand for money and develop
Abstract: This article explains the theoretical importance of the quality of money as a factor of the demand for money and develop
