Monetary Theory

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Amity Shlaes: Blame the Economists

Monetary Theory

Blog10/30/2014

Reading the news, one could be forgiven for coming to the conclusion that virtually all economists work for the government or the Fed, and that few of them have real (i.e., private sector) jobs. Of course, there are many practitioners of microeconomics who do an enormous amount of good in...

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Leland B. Yeager: Master of the Fluttering Veil

Monetary Theory

Blog10/16/2014

One of the more important monetary theorists of the mid to late 1900s, Leland Yeager, Ludwig von Mises Professor of Economics, Emeritus, at Auburn University, recently turned 90. The Mises Institute last week hosted a reception his honor. ...

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Mercantilism Never Went Away

Money and BanksMonetary TheoryMoney and Banking

Blog08/05/2014

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 indispensable function in the American economy. Larry Summers, for instance,...

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Robert Blumen on Power Trading Radio

Monetary Theory

Blog03/02/2013

On the show Robert Blumen discusses the science of deflation and the price of gold.

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On the Resource Cost of Fiat Money

Monetary Theory

Blog02/13/2013

Milton Friedman and all monetarists after him claimed that the Gold Standard had a fatal flow. The Gold Standard required that gold be dug up, refined and then made into coins or stored away in vaults to back paper money in circulation. Therefore this gold was expensive and could not be used in...

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Money Really Does Matter

Monetary Theory

Blog01/21/2013

A very good discussion on why money matters: “Fed’s policies expose mainstream fallacies” Dr Frank Shostak, at: http://www.cobdencentre.org/2013/01/feds-policies-expose-mainstream-fallacies/. The...

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Ideological and Irrational Exuberance

Monetary TheoryMoney and Banking

Blog06/10/2011

David Kramer on Bitcoin—Just Another Bogus Medium of Exchange

I’m sure by now many of you have heard about Bitcoin. The fact that it’s called “virtual currency” gives

...

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Inflation in One Page

Monetary TheoryMoney and Banking

Blog02/27/2008

Someone asked for handout on inflation to pass out in front of the Fed. This is quick. See what you think. It's from 1950.

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Ron Paul vs. the Fed et al.

Monetary TheoryMoney and Banking

Blog11/07/2007

For 94 years, Americans were supposed to be awed and bored by the central bank, and pay no real attention to the greatest counterfeiting machine in the history of the world. Yet Ron has made an issue, and a huge one, out of the Federal Reserve and its destructivism and business cycles. Last...

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Hoist That Load

Monetary TheoryPhilosophy and MethodologyPolitical Theory

Blog10/23/2007

Our town council, who loves taxes like my cat loves cream is talking about a sales tax increase: a frequent subject of their deliberations. Only a miniscule addition they say. Pennies. Who'll miss a 5 penny penalty on a 5 dollar purchase. We should line up to give our political servants this...

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