Part Four: Applications
CHAPTER 16
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17. Inflation and Money: A Reply to Timberlake
CHAPTER 17
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Inflation and Money: A Reply to Timberlake
In his reply to my October 1999 Freeman: Ideas on Liberty article, Richard Timberlake fails to address or misconstrues most of the substantive issues I raised in my comment on his earlier three articles. Space constraints, however, permit me to respond only to a few of his more important arguments. These involve the evolution of the word “inflation” and the definition of money.
18. A Monetary Explanation of the October Stock Market Crash: An Essay in Applied Austrian Economics
CHAPTER 18
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19. Beyond Calculational Chaos: Sound Money and the Quest for Capitalism and Freedom in Ex-Communist Europe
CHAPTER 19
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20. Preventing Currency Crises: The Currency Board Versus The Currency Principle
CHAPTER 20
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Part Five: Commentary
CHAPTER 21
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22. Did Greenspan Deserve Support for Another Term?
CHAPTER 22
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23. The Role of Gold in the Great Depression: A Critique of Monetarists and Keynesians
CHAPTER 23
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24. Comment on “A Tale of Two Dollars: Currency and Competition and the Return to Gold, 1865 – 1879” by Robert L. Greenfield and Hugh Rockoff
CHAPTER 24
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Comment on A Tale of Two Dollars: Currency Competition and the Return to Gold, 1865–1879
By Robert L. Greenfield and Hugh Rockoff
25. Money Matters No More?
CHAPTER 25
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Money Matters No More?
Although there are deep and abiding differences between Chicago School monetarists and Austrian monetary theorists, there has always been strong agreement among them on one thing: the central importance of the money supply in explaining the purchasing power of money, or “price level,” in the economy.
