Monetary Theory

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Blog03/02/2013Mark Thornton

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

On the Resource Cost of Fiat Money

Blog02/13/2013Mark Thornton

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

Blog01/21/2013Mark Thornton

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

Blog06/10/2011Justin M. Ptak

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

Blog02/27/2008Jeffrey A. Tucker

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

Blog11/07/2007Lorenz Kraus

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

Blog10/23/2007Frank Shostak

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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New Lenders of Last Resort?

Money and BanksMonetary TheoryMoney and Banking

Blog10/15/2007Christopher Westley

From today's New York Times:

Three of the nation's largest banks, working together at the behest of the Treasury Department, announced this morning that they were creating a large fund to serve as a buyer of bonds and other debt at a time when many investors are avoiding...

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The cost-price doctrine on Böhm-Bawerk and Reisman

Monetary TheoryMoney and Banking

Blog09/26/2007Gary Galles

Mises and Rothbard created a very strong following of fine scholars and brilliant minds. But critiques are always a feature that a very much alive tradition such as the Austrian School needs to have and use for improvement. And sometimes improvement implies bringing back forgotten doctrines of...

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