Money and Banking

Elon Musk recently claimed that artificial intelligence will make money itself obsolete. He needs to read the literature of Austrian economics.

Elon Musk recently claimed that artificial intelligence will make money itself obsolete. He needs to read the literature of Austrian economics.

Dr. Shawn Ritenour explains how economic freedom—grounded in private property, sound money, and voluntary exchange—turns “class conflict” into cooperation through the division of labor.

New scholarly work is appearing regularly in the Quarterly Journal of Austrian Economics and the Journal of Libertarian Studies. Here is a sampling of recently published articles.

Alex Pollock shows Hayek’s case for currency competition over central-bank monopoly—why real monetary freedom means letting monies compete.

The following is an article originally published on October 20th, 2025, at Ludwig von Mises Institut Deutschland. Its publication sparked a public debate on the topic between Dr. Bagus and Dr. Jörg Guido Hülsmann. 

Professor Georgy Ganev joins Bob to explain that, contrary to the claims of David Graeber and the MMTers, the barter origin of money has not been refuted.

Bob analyzes the myth of Federal Reserve independence, exposing its political nature and long history of serving power.

Peter Klein joins to discuss the Mises Institute's new book, Hayek for the 21st Century—exploring knowledge, competition, money, and why freedom beats central planning every time.

As the Federal Reserve has delayed lowering the federal funds rate, the money supply has stabilized in recent months. This trend also reflects rising delinquencies, falling home sales, and stagnating employment.