Does Deflation Pose a Threat to the US Economy?
"The reason why inflation is bad news is not because of increases in prices as such, but because of the damage inflation inflicts to the wealth-formation process."
Money and Banking
Displaying 1431 - 1440 of 1991
Rich Uncle Pays Your Mortgage
This is old-fashioned redistribution, to sustain the unsustainable.
Demand for Money and Supply of Money
Modern monetary theory takes up the thread of the traditional quantity theory as far as it starts from the cognition that changes in the purchasing power of money must be dealt with according to the principles applied to all other market phenomena and that there exists a connection between the changes in the demand for and supply of money on the one hand and those of purchasing power on the other.
The Founding Fathers of Monetary Destruction
Recorded at the Mises Circle in Greenville, South Carolina, 3 October 2009.
Howard Buffett: A Man of the Old Right
"Inflation worked as a tax on those further removed from government spending."
Gold vs Paper
The excellence of the gold standard is to be seen in the fact that it makes the monetary unit's purchasing power independent of the arbitrary and vacillating policies of governments, political parties, and pressure groups.
Deposit Insurance: Keeping Dead Banks Walking
Recorded at the Mises Circle in Seattle, September 12th, 2009. Sponsored by James M. Wolfe.
Fiat Money: How Else You Gonna Kill 600,000 Americans?
Printing green pieces of paper doesn't make an economy richer. If done without restraint, it leads to runaway price inflation. As an added downside, it also allows governments to slaughter millions of people. (The world wars could not have been waged if the belligerents had stuck to the gold standard.)
