The Velocity of Circulation
Increased velocity of circulation is not, in itself, a contributing cause of higher commodity prices. It is not even a link in the chain of causation.
Increased velocity of circulation is not, in itself, a contributing cause of higher commodity prices. It is not even a link in the chain of causation.
Is the standard Austrian theory of the origin of money "conjectural history"? Kristoffer Hansen's response to Gary North's counter-interpretation of the theory of the origin of money.
Unlike Hamilton, Jefferson did not believe that state coercion should be used to re-shape and control society and markets.
Bob Murphy and Carlos Lara discuss the yield curve from an Austrian perspective.
Not only is capitalism not a system of the exploitation of labor, but the real system of the exploitation of labor is socialism.
Keynesian economics is the economics of debt-addicted, lower-class spendthrifts: modern governments.
Among the fallacies Mises debunked in his first book were those of the chartalists - the predecessors of Modern Monetary Theory.
Machaj, a contributor to McCaffrey’s The Economic Theory of Costs, replies to Israel to clarify and develop his point on imputed value and price formation.
Several generations have benefited unknowingly from Mariana's courageous efforts to defend private property and freedom against the tyrants of his day.
Translation of the appendix to Juan de Mariana's most libertarian book De rege et regis institutione.