Monetary Theory

With unlimited quantities of fiat money, the day seems to have arrived when anything is possible. But this is an illusion.

If we were to take the greatest economists from all ages and judge them on the basis of their theoretical rigor, their influence on economic educat

The only reason this nonsense is sustainable is due to the promise of the Federal Reserve to back all this spending with money creation.

In the U.S., an almost unsurmountable gulf separates “society” from the intellectuals, writes Ludwig von Mises (1881–1973).

The artificial lowering of the interest rate causes malinvestment and the ensuing financial and economic “crisis.”

A Fed employee argues that inflation is harmless. I argue that it is a rip-off for everyone who uses dollars.

The gold standard would terminate the world dollar standard by prohibiting official dollar reserves and the special access of the government and the financial class to limitless cheap Fed and foreign credit. It is an essential step toward stability.

Narrated by Paul Strikwerda.

James Grant's testimony before the US House Committee on Financial Services. Here find the explanation of our monetary woes.

Like many economic events, the key lies not in what is immediately apparent — explosively large banks — but in those causes and conditions that are veiled. Politicians, pundits, and the population of the Icelandic nation have had a difficult time explaining how such a large financial sector could develop in the first place.