Nicholas Oresme and the First Monetary Treatise
Austrian monetary thought can be traced back right to the very founding father of monetary economics, the great Nicholas Oresme, the 14th century Bishop of Lisieux.
Monetary Theory
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Bob Explains the Highlights of His New QJAE Article on Fractional Reserve Banking
Bob shows why Ludwig von Mises thought any issuance of fiduciary media caused the boom-bust cycle.
The Econ Establishment Teams Up To Denounce Judy Shelton
Shelton has been condemned by "experts" from both sides, but anybody who would liken the Fed to the Soviet central planners is an independent thinker worth considering.
The Alleged Absence of Depressions under Totalitarianism
Where there is no business at all, business can be neither good nor bad. There may be starvation, and famine, but no depression in the sense in which this term is used in dealing with the problems of a market economy.
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.
