Unsound Money and War in the 20th Century
Recorded at the Mises Institute Supporters Summit, 1 November 2008; Auburn, Alabama.
Value and Exchange
Displaying 631 - 640 of 949
Inflation in Recent Monetary History
Recorded at the Mises Institute Supporters Summit, 31 October 2008; Auburn, Alabama.
Inflation and the Bolsheviks
Recorded at the Mises Institute Supporters Summit, 1 November 2008; Auburn, Alabama.
Value and Stock Market Declines
The consequences of inflation, higher taxes, and more regulation that result from government bailout plans, however, are sure to make losers of us all.
Trade Makes People Better Off, Even Superheroes
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.
The Social Imperative of Sound Money
From “Choice in Currency: A Path to Sound Money”; the Mises Circle in Vancouver. Recorded 13 September 2008.
A New Currency for the World
From “Choice in Currency: A Path to Sound Money”; the Mises Circle in Vancouver. Recorded 13 September 2008.
Money and Its Purchasing Power
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.
The Pattern of Indirect Exchange
Direct exchange was limited. The pattern of indirect exchange led to the common medium of exchange: money. Maximization of psychic income always leads the seller of a good to seek the highest money price for it, and the buyer of a good to seek the lowest money price.
Direct Exchange
Exchange is the foundation of the division of labor. Each party to an exchange must expect greater psychic benefit than what he is giving up. Thus, trades are not equal, they are win-win activities. Property and ownership are value-free and a pre-condition of a free market.
