The French economist Jacques Rueff was the foremost opponent in the twentieth century of the gold exchange standard. He well described how the Bretton Woods enabled the US government to engage in seemingly endless deficit spending.
Corporate cost cutting sets the stage for future gains in profitability and productivity, and there is no resulting "paradox of thrift" requiring easy money policies to "fix" the problem.
Let us begin with what CBDCs definitely are not: they are not a new kind of cryptocurrency akin to bitcoin.
Yes, it can happen here. Only a fool thinks otherwise.
Bob reads from an article recently tweeted out by the NEA, which calls for an end to schooling as we know it in order to promote anti-racism.
Today’s macroeconomic beliefs defy all the historical evidence with their focus on increasing the economic presence of the state at the expense of the productive private sector.
Monetary economist George Selgin agrees with Bob on the flaws with MMT, but then the two continue their debate (started at the Soho Forum) on fractional reserve free banking.
Janet Yellen was concerned that low inflation could "paralyze the economy," especially during economic downturns.
Bob explains some of the highlights of his newly released chapter for the Mises Institute book on “Understanding Money Mechanics.”
Dr. Robert Murphy joins Jeff Deist to breakdown Rothbard's exposition of money in an Austrian framework.
