Money and Banking

Central banks contend they can avoid booms and busts by increasing the money supply the "correct" amount. They are bound to fail.

The consequences of counterfeiting are the same regardless of who does it. The counterfeiters are exchanging nothing for something — thus stealing from those who create real value.

Mises’s insight into the importance of Cantillon effects can be further extended to explain not only income and wealth inequalities among individuals but also some rather curious developments in global industrial organization over the last few decades.

Pumping yet more credit into the Eurozone is as effective as giving adrenalin to a dead horse.