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.
Fed bugs sound like real estate agents in reverse: there is never a good time to buy gold.
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
The value of a paper dollar originates from its historical link to commodity money—which happens to be gold—and not government decree or social convention.
It is often claimed that inflation reduces the true burden of debt. This is true for existing debt, but those who advocate it as a remedy for government indebtedness fail to understand that it also increases the cost of the government’s future debt.
Fed bugs sound like real estate agents in reverse: there is never a good time to buy gold.
