Government Intervention and Market Volatility
Creating programs outside of the markets to try to support illiquid assets undermines the objective signals of markets in which value is measured by the market price.
Creating programs outside of the markets to try to support illiquid assets undermines the objective signals of markets in which value is measured by the market price.
Recorded at the Mises Institute Supporters Summit, 31 October 2008; Auburn, Alabama.
Recorded at the Mises Institute Supporters Summit, 1 November 2008; Auburn, Alabama.
Recorded at the Mises Institute Supporters Summit, 1 November 2008; Auburn, Alabama.
Recorded at the Mises Institute Supporters Summit, 1 November 2008; Auburn, Alabama.
The consequences of inflation, higher taxes, and more regulation that result from government bailout plans, however, are sure to make losers of us all.
The law of comparative advantage tells us that no matter how much more productive they are than the rest of us, even people who are very productive can be made better off by trading with people who are not.
From “Choice in Currency: A Path to Sound Money”; the Mises Circle in Vancouver. Recorded 13 September 2008.
From “Choice in Currency: A Path to Sound Money”; the Mises Circle in Vancouver. Recorded 13 September 2008.
This completes the study of money and of the effects of changes in monetary relations on the economic system. Like all commodities, money has its own supply and demand and price: purchasing power. Everyone deals in money.