The “True” Money Supply: A Measure of the Supply of the Medium of Exchange in the U.S. Economy
Volume 6, Number 4 (Spring 1987)
Joseph T. Salerno discusses measuring the money supply of the U.S. economy.
Monetary Theory
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Hutt’s Critique of Keynes: Two Reviews of The Keynesian Episode [Full Edition of Vol. 3, No. 3]
Volume 3, Number 3 (Summer 1982)
John B. Egger and Leland B. Yeager review William H.
Undermining Property Rights: Coase and Becker
“Coase, get your cattle off my land.” –Walter Block
The Corporation at Issue, Part II: A Critique of Robert Hesson’s In Defense of the Corporation and Proposed Conditions for Private Incorporation
This is part II of a two-part paper in which a critique is offered of the private right to free incorporation from a classical liberal or libertari
Legal Tender Laws and Fractional-Reserve Banking
This article will explore the economics of legal tender laws, arguing that they are not only a necessary prerequisite of paper money, but also bene
The Costs of Public Income Redistribution and Private Charity
Most academic participants in the ongoing debate over income redistribution are aware that it is not possible, ever, for government to tax one set
The Firm in a Free Society: Following Bastiat’s Insights
Frédéric Bastiat did not devote much attention to the problem of the firm, so taking an interest in his thoughts on the topic could seem strange.
The Corporation at Issue, Part I: The Clash of Classical Liberal Values and the Negative Consequences for Capitalist Practices
In an article published in this journal, Walter Block (2002, pp.
Free Exchange and Ethical Decisions
The economic theory of interpersonal free exchange is beautifully simple.
