The Demand for Money and the Time-Structure of Production
Fiat money takes this power out of his hands. The consequence is a greater tendency for capital to be wasted.
Money and Banking
Displaying 1441 - 1450 of 2005
Year After TARP: $700 Billion Down the Drain
"Instead of buying up toxic assets, the TARP money was used to partially nationalize the banking industry."
It Ain’t Gonna Work Anyway
we should jettison our fiat money system in favor of a gold or multicommodity-metal system (such as gold, platinum, silver, and copper). While we're at it, we should jettison fractional-reserve banking in favor of full-reserve banking.
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."
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."
