Monetary Theory

Displaying 31 - 40 of 1083

A Review of Nik Bhatia’s Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies

BitcoinThe FedMoney and BanksMonetary Theory

Blog03/28/2022

Nik Bhatia presents a counterintuitive view of how money operates in our current banking system and takes a glimpse into our monetary future.

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Understanding How Balance of Payments and Exchange Rates Work

Central BanksGlobal EconomyMonetary Theory

Blog03/17/2022

Popular commentators and politicians often express loud opinions about exchange rates and balance of payments. As Dr. Frank Shostak writes, the facts differ widely from popular perception.

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No, Inflation Is Not "Transitory," and It Is Worse than the Government Admits

Central BanksInflationMonetary Theory

Blog03/10/2022

Current rates of inflation are worse than what the government claims. Not surprisingly, the government gains when people are fooled.

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Why Rothbard Trended on Twitter This Weekend

AntipoliticsMonetary PolicyMoney and BanksMonetary TheoryMoney and Banking

Blog08/16/2021

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

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Bitcoin's El Salvador Option

BitcoinMonetary Theory

If Bukele really wants monetary freedom for El Salvador, he should not have presented them with what, effectively, is a government handout for bitcoin hodlers and the companies behind the Strike app and other potential intermediaries.

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An Austrian Critique of Robert Mundell's "Impossible Trinity"

Protectionism and Free TradeMonetary TheoryOther Schools of Thought

Blog04/27/2021

The impossibility theorem, developed by Nobel-winning economist Robert Mundell, paints a false tradeoff between the free movement of capital, fixed exchange rates, and effective monetary policy. Under a gold standard, all three are a possibility.

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Why Is Economic Journalism So Bad?

Economic PolicyFinancial MarketsU.S. EconomyMonetary TheoryMoney and Banking

Blog03/16/2021

The financial press gives us the what, when we need the how and why. Economic journalism needs a reset.

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Money Supply vs. Liquidity. What's the Difference?

Monetary Theory

Blog10/27/2020

Changes in money supply and liquidity are not the same thing.

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Mises on the Velocity of Circulation

Monetary Theory

Blog07/07/2020

In this short essay recently found in the Mises Institute Archives, Mises goes over the basics of monetary theory and shows why the concept of velocity of circulation is useless for understanding changes in the purchasing power of the monetary unit.

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