The fear of deflation is a big problem for the future of the global economy.
In determining the value of a currency, we must look to relative growth in the money supply, and relative purchasing power.
There's no need for pessimism over the idea that there is a recession ahead, and that the stock markets must plunge. No, this is the good news!
On Mises Weekends this week, Daniel McAdams joins Jeff in studio to talk foreign policy.
From April 6, 1959: As inflation increases, apologists emerge to suggest that, after all, inflation may be a very good thing—or, if an evil, at least a necessary evil.
In spite of Ben Bernanke's assurances to the contrary, it is clear that China still sees gold as money.
Europe may turn to "helicopter money" as an easy solution. The problem of deciding who gets the money isn't quite so simple.
Congress is hardly a great steward of financial power, but there are benefits to wrestling control of the money supply away from the Fed and returning it to Congress.
Economists err if they believe something is wrong when money is not in constant, active "circulation."
