Money is a measure of value as the ruler is a measure of length. Changing the length of a ruler, or constantly manipulating the money supply, can only create chaos.The ECB doesn’t realize that constantly changing the measuring stick makes entrepreneurial decisions much more difficult?
A paper currency system contains the seeds of its own destruction. The temptation for the monopolist money producer to increase the supply is almost irresistible. A drastic reduction of government spending and deficits is not very likely either, given the incentives for politicians in democracies. So what is to come?
I was interviewed today on RT TV about Bitcoin and the reasons it ha
Central banks are becoming the real centers of political power.
He builds on his Mises Daily article from this morning.
Pro-austerity or anti-austerity? There is a third way, the Austrian way of less spending and lower taxes.
Host Alan Butler discusses inflation and fractional reserve banking with Mark Thornton.
If we understand the business cycle, there is no need to look to animal spirits or any ill-defined exogenous forces.
Archived from the live Mises.tv broadcast, this lecture was presented by Joe Salerno at the 2013 Mises University, hosted by the Mises Institute in
