Monetary Theory

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

In this interview with Jeff Deist, Dr. Murphy gives us a succinct lesson in the history of money, business cycle theory, and on the origins of monetary inflation. 

On Friday, Twitter CEO Jack Dorsey tweeted a link to Rothbard's essay "Anatomy of the State."

In this lecture from 2021's Mises University, Lucas Engelhardt summarizes the basics of Modern Monetary Theory (MMT), its consequences, and the strange ideology behind it. Presented at Mises University 2021.

Gary North shows how Rothbard always had the ability to go to the central issue in a debate. He wrote clearly. He wrote continuously. He wrote for almost anyone who would give him an opportunity to put an idea in print.