Let’s Hope Deflation Is Headed Our Way
Central banks have decided that one of their main missions is to prevent deflation. But this only ends up causing the malinvestments that lead to economic busts.
Monetary Theory
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Bitcoin and the Theory of Money
In the latest installment of Understanding Money Mechanics, Robert Murphy explains what Bitcoin is, how it works, and how it fits into Misesian monetary theory.
Human Action Part Three with Dr. Per Bylund
If you've wanted to read Human Action, this is your opportunity to hear it explained by great economists and scholars!
Why Deflation Can Be a Good Thing
Brazilian journalist André de Godoy interviews economist and Mises Institute scholar Antony Mueller on the nature of money, banking, and prices.
The Quality of Money
Much has been written about the quantity of money and its effects on money’s purchasing power, but the quality of money has been neglected.
The Theory and Brief History of Money and Banking
Why do we have money in the first place? Where does it come from, and what determines its form? What qualities make for a good money? What role do banks play—is it something other than what money itself does for us?
More Money Creation Won’t Create More Economic Growth
Contrary to the popular way of thinking, setting in motion a consumption unbacked by production through monetary pumping will only stifle economic growth.
Interest Rates, Roundaboutness, and Business Cycles: An Empirical Study
Can policy-induced deviations from the natural rate of interest increase roundaboutness in production? Mark Gertsen studies 28 developed economies using an ARDL model, and finds Austrian boom-bust dynamics.
Understanding Money Mechanics
The Understanding Money Mechanics series by Robert P. Murphy, is a comprehensive overview of the theory, history, and practice of money and banking, with a focus on the United States.
Negative Inflation Targeting: A Proposal of a Non-Distortionary Monetary Policy
Tomáš Frömmel contends that a negative inflation target combined with the Taylor Rule can be a non-distortionary monetary policy consistent with Austrian business cycle theory.
