Monetary Theory

The Fed and the Treasury are betting on the fact that the dollar will remain the world’s reserve currency forever, and that the US can inflate with

The revolutionary spirit of C. Wright Mills remains to be recaptured.

Frank S. Meyer is by far the most intelligent, as well as the most libertarian-inclined, of the National Review stable of editors and staff.

Confining our attention to large scale slavery, we find that it is historically quite a rare phenomenon.

If there was anything that characterized the Old Left it was adulation of labor unions and of the process by which the government has created, main

The debate over the Export-Import Bank continues, with the bank’s friends in Congress and other high places claiming that the Bank serves an

The problem is that Argentina had decided to once again prefer deficits and unrestrained government spending to paying its obligations.

The fundamental question we have to confront in the theory of monetary policy is therefore not whether money affects the real economy—yes it does, both in the short run and in the long run

Recognizing different types of savings allows for a more fruitful analysis of the business cycle. Sustainable investment activities must be financed by an equivalent amount of savings, both in length of availability and quantity.