Monetary Theory

Economic calculation requires a monetary system that is not sabotaged by government interference.

"Most of the advocates for tender laws are those who have debts to discharge, and who take refuge in such a law, to violate their contracts and cheat their creditors."

The original monetarists (Milton Friedman), Scott Sumner, and problems with market monetarism.

There are two very effective ways to destroy an economy: hyperinflation and central planning.

Lucas Engelhardt summarizes the basics of MMT.

"We would not expect money to be paper, national, or under the control of any entity."

Few people are aware of what the Federal Reserve System, acting on behalf of the U.S. Government, is doing to their money, writes Hans Sennholz.

Digitization will undoubtedly bring great improvements and new opportunities for peoples’ lives. But digitization also has a downside.

Bob Murphy and Ross McKitrick discuss the government policies, Fed actions, and banking movements that lead up to the 2008 crisis, and why the current economic situation is different. 

Adherents of MMT present their ideas in the form of a hydra. Shoot down one idea and another pops up that is just as preposterous. This is no accident.