Monetary Theory

Milton Friedman and all monetarists after him claimed that the Gold Standard had a fatal flow.

Some experts are of the opinion that in the “new world,” because of Fed policies, there is little room left for the money supply to help explain the state of the economy.

What has the profession learned about the financial cycle and macroeconomics?

A very good discussion on why money matters: “Fed’s policies expose mainstream fallacies” Dr Frank Shostak, at:

The argument over gold is a replay of the arguments of Adam Smith against the arguments of the mercantilists.

Robert Higgs's concept of <em>regime uncertainty</em> has caught on with businessmen and the press.

A careful review of Mises's  arguments and of this theory would convince many reasonable people that Mises's framework is correct.

Anything that affects the value of money affects every market transaction.

Max Keiser should apologize to his Keiser Report viewers for the ridiculous segment he did and for his crazy claims about Menger and Mises.

Even if they differed on the similarity of the social and physical sciences, it does not follow that Mises and Menger differed on the correct method of economics.