How Is the Fed Insolvent and Why Should We Care?
Alex Pollock explains to Bob the mechanics of the Fed's current insolvency and its implications for ordinary Americans.
Monetary Theory
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Progressives Have Corrupted Not Only Money, but Its History as Well
Social democrats are so desperate to cast off limits on government that they'll embrace anything that justifies their ambitions. So they invent theories of money that are very, very wrong.
Progressives Have Corrupted Not Only Money, but Its History as Well
Social democrats are so desperate to cast off limits on government that they'll embrace anything that justifies their ambitions. So they invent theories of money that are very, very wrong.
Money in a Free Society
The following reading is chapter 2 of What Has Government Done to Our Money? by Murray Rothbard.
MMT’s Warren Mosler Argues Fed Rate Hikes Cause Growth and Inflation
MMT champion Warren Mosler claims that Fed rate hikes lead to larger government interest expenses and hence support economic growth and inflation. Bob presents both theoretical and empirical evidence against Mosler's claims.
My Long Journey to Rothbardian Sobriety
Our political and cultural elites have gaslighted us on inflation for years. To learn the truth, read the Austrians.
MMT Says Government Debt Makes Private Saving Possible
Patrick Newman joins Bob to discuss a recent tweet from Stephanie Kelton, which argued that the government's "red ink makes our black ink possible."
Do People Value Money Because They Need It to Pay Taxes?
Per Bylund joins Bob to discuss his new paper at the QJAE, which points out several flaws in the MMT claim that money is valued in order to pay taxes.
Understanding Relationships between Money Supply and Liquidity
Can the injection of new money into the economic system enhance economic growth? Not really. Increasing (or decreasing) the money supply affects the demand for money but doesn't make us wealthier.
