Monetary Theory

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

Most academic participants in the ongoing debate over income redistribution are aware that it is not possible, ever, for government to tax one set

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.

In an article published in this journal, Walter Block (2002, pp.

The economic theory of interpersonal free exchange is beautifully simple.

Kevin Carson’s studies in Mutualist Political Economy (2004) is an impressive work.

A private seminar for graduate students. Recorded at the Mises Institute in Auburn, Alabama, on 21 July 2014.

Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2014.

I don’t think the world has ever been in a more dangerous economic situation than it is today.

Those who are calling for small reforms like changes to the Fed’s dual mandate are wrong. It is now clear that the Fed and the European Central Bank are hard-wired to inflate the money supply while encouraging banks to make excessively risky loans. Radical changes are needed.