Value and Exchange

Interviewed by host Alan Butler, Mark Thornton shoots down the notion of a flexible currency being good for the economy.

Host Alan Butler discusses inflation and fractional reserve banking with Mark Thornton.

Interviewed by Ken Morgan and Julie Dougherty on MoneyRadio 1510’s “Business for Breakfast,” 21 May 2013.

From the session on “Advances in the Theory of Entrepreneurship,” presented at the Austrian Economics Research Conference.

If you wish to prosper, allow your customers to thrive. This is a lesson you have been very long in learning.

A fallacy sometimes shrinks and contracts, assumes the guise of a principle, and lurks in a word or a phrase.

Anything that affects the value of money affects every market transaction.

The labor theory of value cannot explain the price of a single commodity. Can it, however, explain the pattern of such prices? No.

Life is a series of choices by which we seek to exchange something we have for something we prefer.

Today’s worldwide fiat-money regime has effects that extend beyond what most people would imagine, writes Thorsten Polleit.