Monetary Theory
Did Debt Exist Before Money? It Doesn’t Matter
We should rewrite our textbook accounts to include the possibility of credit preceding a common medium of exchange and call it inter-temporal barter.
Our Monetary System Favors the Rich and Hurts the Poor
Our monetary system encourages debt and punishes saving. It also benefits those who already have money at the expense of those who do not.
Our Disastrous Monetary System: A New Must-Read Book
Blind Robbery!, a new, easy-to-read book on money is a must-read for anyone who wishes to understand the damage our easy-money system is doing.
The Quarterly Journal of Austrian Economics 19, no. 1 (Spring 2016)
This new issue features important contributions to monetary theory and policy, a novel program for re-establishing gold money, and much more.
The National Debt: A Conspiracy of Silence
Henry Hazlitt describes "the open conspiracy" among politicians to refuse to address the national debt.
A Comment on Dr. Howden’s Review of Finance Behind the Veil of Money
My need to comment on Dr. Howden’s review has to do with the fact that he misrepresents my position on a point that is central in my book.
Review of Zur Sanierungs- und Reorganisations-entscheidung von Kreditinstituten (On Bank Restructuring Decisions) by David J. Rapp
David Rapp was the first to analyze the German Banking Restructuring Act from a business economics perspective, based upon Austrian insights.
Easy-Money Policies Are Both Economically and Socially Destructive
Monetary and financial stabilization policies turned out to be de-stabilizing.
Why Government Hates Gold
Government could never cement its power over a nation's currency, if the people could repudiate the fiat paper and turn to gold for its money.