Forget the Liquidity Trap—Loose Monetary Policies Cause Recessions
At the heart of Keynesian business cycle theory is the so-called liquidity trap. Contra Keynes, however, economies don't falter because a sudden increase in the demand for money.
Monetary Theory
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The Power to Destroy
The Communist Manifesto pushed a heavily progressive income tax as one of ten key ways to undermine the market order. Unfortunately, the idea didn't die with Marx.
Do Correlations Help Define Money?
Monetary authorities have come up with numerous clever ways of measuring money. However, they are unable even to define money, much less measure it.
It’s Never Too Late to Begin Protesting against the Proposed Central Bank Digital Currency
The proposed central bank digital currencies are not a new and convenient high-tech form of money. Instead, they are yet another power grab by government authorities, continuing the shameful history of government corruption of money.
The Modern State Cannot Exist without Fiat Money
Fiat money is the fuel of the modern Leviathan state. If we wish to have freedom, we must have sound money.
How Fast Should the Money Supply Grow?
As Murray Rothbard wrote, inflation is not an increase in prices. It is, instead, an increase in the supply of money in circulation. The distinction is important.
Do Correlations Help Define Money?
Monetary authorities have come up with numerous clever ways of measuring money. However, they are unable even to define money, much less measure it.
A Short Essay on Sound Monetary Policy
In a market economy, gold is sound money. There is no need for monetary authorities when gold rules.
The Modern State Cannot Exist without Fiat Money
Fiat money is the fuel of the modern Leviathan state. If we wish to have freedom, we must have sound money.
The Present Fiat Monetary System Is Breaking Down
The fiat monetary system is slowly breaking down, taking the economy with it.
