The Evolution of Mises’ Monetary Thought
In this 32-minute talk, Jörg Guido Hülsmann examines and summarizes Mises’s insights and innovations in understanding money, its origins, and
Monetary Theory
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The Determination of the Purchasing Power of Money
The demand for a medium of exchange is the composite of two partial demands: the intention to use it in consumption and production and the intention to use it as a medium of exchange.
Transparency or Deception: What the Fed Was Saying in 2007
What the Fed was saying in 2007 suggests the central bank was practicing either deception, incompetence, or a combination of both.
Bitcoin, the Regression Theorem, and the Emergence of a New Medium of Exchange
What is the direct-use value of bitcoin? And does it have any?
Malinvestment, Not Overinvestment, Causes Booms
The characteristic mark of economic history under capitalism is unceasing economic progress, a steady increase in the quantity of capital goods available, and a continuous trend toward an improvement in the general standard of living.
Governments Default on Debt More than You Think
It's not really true that governments can always just print money to pay off their debts.
Austrian Definitions of the Supply of Money
Rothbard explains the concept of the "supply of money."
