Where new money comes from

Tags: Money and Banking

02/25/2008 Mises Wire Jeffrey A. Tucker

A cartoon printed in Percy Greave’s Understanding the Dollar Crisis :

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Latest Articles

Even 2% Inflation Is Too Much

11/03/2025 Power & Market Mises Institute

Alex Pollock’s latest letter to the editor at the WSJ appeared on Saturday, November 1: As your editorial (”Getting Used to 3% Inflation,” October 25-26) suggests, 3% is a lot of inflation, much worse...

Hayek’s Last Hurrah, So To Speak: A Choice in Currency Emerges Among Central Banks

11/03/2025 Power & Market Alex J. Pollock

Since 1971, in the Nixonian monetary era, the American government has enjoyed a power derived from the pure fiat paper money that its central bank can print in unlimited quantities to finance the...

Increases in the Money Supply, Not Corporate Profits, Drive Price Increases

11/03/2025 Mises Wire Frank Shostak

The “greedflation” commentators are at it again, claiming that corporate profits are driving inflation. That is a logical impossibility.

Closing Argentina’s Central Bank: A Response to Professor Hülsmann

11/03/2025 Power & Market Philipp Bagus

The debate regarding the would-be effects of the closure of Argentina’s central bank continues.

Easy Money Breeds Fraud: The Cases of Tricolor and First Brands

11/02/2025 Mises Wire Artis Shepherd

For the past 30 years, the US economy has bounced from one asset bubble to another. The recent Tricolor Holdings and First Brands bankruptcies are just another example of an economy being pumped up by the Federal Reserve.

Meet the Writer

Jeffrey A. Tucker

Jeffrey A. Tucker is the founder of the Brownstone Institute and an independent editorial consultant.

Mark Twain’s Little Societies of Exchange

05/20/2021 Journal of Libertarian Studies Jeffrey A. Tucker

Samuel Clemens was an old-style liberal of the 19th century sort who believed in economic liberty and warned about the depredations of state power.

Surrounded by the Achievements of Capitalism

10/08/2014 Jeffrey A. Tucker

Private property enabled all growth. Division of labor found employment for each man. Exchange is a win-win action. Risk taking tests ideas. Capital accumulation as production to make other things. The desire for a better life and the belief that it can happen.

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The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

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