Arthur Marget in the Austrian Tradition of the Theory of Money
From The Review of Austrian Economics Vol. 8, No. 2, 1995.
From The Review of Austrian Economics Vol. 8, No. 2, 1995.
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In re-evaluating the main elements of Mises's monetary theory, one thing especially stands out. Mises took great pains to establish his theory of money on the bedrock of value and price theory.
This is reprinted with permission from The Freeman September and October 1995.
This is an essay which takes as its jumping off point the free enterprise system.
Greenspan speaks of a condundrum whereby long-term yields on government bonds are surprisingly low. Why anyone would invest in them is a legitimate question, writes Stefan Karlsson.