Ideological and Irrational Exuberance
David Kramer on Bitcoin—Just Another Bogus Medium of Exchange
Monetary Theory
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The Case against Raising the Debt Ceiling
If the government merely returned to its 2003 spending levels, then the current revenue stream would be enough to pay for everything.
What Is Money?
A man would die of hunger who, having decided that money is real wealth, should carry out the idea to the end, writes Frédéric Bastiat (1801–1850).
Macro Confusion: Inflation, Commodities, and the Fed
The fact is that it is their money pumping that is driving both GDP growth and commodities prices — but not the real economy.
The Great Myth of the Inflation Cure
Casey B. Mulligan believes what the economy needs right now is a little inflation.
The Budget Mess: Time to Get Serious
The recently announced spending cuts are, in fact, less than 1 percent of federal spending, a token sum that does nothing to fix the long-term budget situation.
The Sphinx Speaks!
Why should we care about his predictions concerning the economy or his recommendations for how to end the slump? The answer, of course, is that the Federal Reserve has the power to destroy the world economy.
David Hume and the Theory of Money
Hume concluded his penetrating analysis with an ultra-hard-money policy proposal — 100 percent specie-reserve banking.
