Monetary Theory

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An increase in the quantity of money doesn't bring any general improvement of conditions.

Robert P. Murphy

Why does the behavior of the Greek government have anything to do with taxpayers in Germany? Why did the original Maastricht Treaty have rules about fiscal policy as part of the criteria for monetary union? The answer is that the euro is a fiat currency.

Robert P. Murphy

Just as the interventions of the Hoover administration in the early 1930s led to a massive increase in government under the New Deal and the abandonment of the gold standard, so too have the "stimulus" packages gotten us to the point where raw money printing is a policy option.

William L. Anderson

Robert Lucas misses two important reasons why government/Keynesian stimulus schemes fail miserably.

George Ford Smith
The Mises Institute offers an extensive library of literature explaining the economics behind an autonomous commodity-coin system.
David S. D'Amato
The problem will never go away until we get rid of the banking cartelization device called the Federal Reserve.