Menger vs. MMT on the Origins of Money
Jonathan Newman joins Bob to explore the archaeological evidence for silver as money in ancient Mesopotamia, challenging Modern Monetary Theory and affirming Menger’s classic account of money’s market origins.
Money Supply
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Would DOGE Dividend Checks Stoke Inflation?
Is Elon Musk’s DOGE taxpayer dividend proposal inflationary, or is it simply returning savings from government spending cuts?
Should the Fed Accommodate Increases in Demand for Money?
Both Monetarists and Keynesians believe that a growing economy requires a growing money supply, thus, the Federal Reserve‘s “target” inflation rate of two percent. Austrian economists, however, understand that inflation at any level creates economic damage.
Money Supply Growth Accelerates and Hits a 27-Month High
In November, year-over-year growth in the money supply was at 2.35 percent. That’s a 27-month high and the largest year-over-year increase since September 2022.
What’s More “Wicked” than the Crime of ‘73?
Bob explains that the beloved Wizard of Oz movie involved an allegory of the bimetallism debates of the late 1800s.
Economists and the State: From Enemies to Friends
The state and its friends reject the scarcity principle and uphold its polar opposite, the Santa Claus principle.
What Was Mises’s Position on Fractional Reserve Banking?
Murphy lays out the various camps in the debate over fractional reserve banking.
Money-Supply Growth Accelerates as Wall Street Demands Even More Easy Money
The current trend in money-supply growth is a big turnaround from the many months of depression-level contractions we saw in 2022 and 2023.
Mosler Is Wrong, Interest Rate Hikes Don’t Cause Inflation
Bob critiques MMT godfather Warren Mosler's recent interview where he argued that the Fed rate hikes have been fueling the strong economy.
