How To Calculate the Money Supply
In this interview, Joseph Salerno discusses how he and Murray Rothbard developed a better measure of the money supply.
In this interview, Joseph Salerno discusses how he and Murray Rothbard developed a better measure of the money supply.
Mises advocated free banking because he thought it would restrain fractional reserve banking, which he viewed as the cause of unsustainable booms.
So, today, we stand near — how near we don’t yet know — the edge of a dangerous financial precipice.
As far as the currency exchange rate determination is concerned, the essential variable is the relative changes in the purchasing power of various monies.
There are several reasons why the euro crisis is far from being over and government finances still unsustainable.
The abolition of cash threatens to cause widespread economic damage and have a devastating impact on many of the most vulnerable in our society.
Keynes's writings remain as influential today as they were 80 years ago. Isn't it time for a re-evaluation?
We are told that if further signs of recession develop the government must spend more to keep the boom whipped up. This is false.
The monetary policy that governments and central banks are calling for is quite apparent: “Keep it going, whatever it takes.”
Pursuing a trade war with your largest creditor, whose also on the edge of insolvency, is a recipe for financial meltdown.