Monetary Theory

This ambitious new book on the foundations of money and monetary institutions is an impressive interdisciplinary exercise.

Finance Behind the Veil of Money takes the minority view that opportunity costs are not only unnecessary but even unhelpful to understanding choice.

This approach to costs and action allows for a praxeological explanation of originary interest avoiding shortcomings of traditional Austrian analysis.

Economists Stephen Cohen and Bradford DeLong are spouting an unfortunate amount of enthusiasm for Alexander Hamilton's corporatist economics.

The key to economic growth is not optimism or good "animal spirits." They key is increased productivity and wealth accumulation.

Monetary profit is not the only kind of profit, but in a complex world, monetary profit is essential in building sustainable economies.

Recorded at Mises University 2016.

No one prints dollars on the purely free market because there are, in fact, no dollars; there are only commodities, such as wheat, cars, and gold.

Recorded at Mises University 2016.

We should rewrite our textbook accounts to include the possibility of credit preceding a common medium of exchange and call it inter-temporal barter.