President Joe Biden awarded the so-called Presidential Medal of Freedom to Pope Francis on Saturday. The award, according to the White House, is allegedly reserved to “individuals who have made exemplary contributions to the prosperity, values, or security of the United States, world peace, or other significant societal, public or private endeavors.”
According to many commentators, a growing economy requires a growing money stock, because economic growth gives rise to a greater demand for money. Failing to add more money, it is maintained, will lead to a decline in the prices of goods and services, which, in turn, will destabilize the economy and lead to an economic recession or depression. Whenever an increase in the demand for money occurs, the Fed should accommodate this with inflation in order to prevent disruptions and to keep the economy on the path of economic and price stability.
[Originally published by the New York Sun. Reprinted with permission of the author.]
Everyone excited about an Argentina economic miracle is basing it on all sorts of government statistics except the most important statistics: money supply measures and public debt growth. Under its new supposedly free-market Rothbardian president, Argentina’s money supply in 2024 has increased at these astonishing rates:
Now available at the Mises Institute book store, Life in Liberty: Liber Amicorum is a collection of personal notes and scholarly contributions in honor of Hans-Hermann Hoppe for his 75th birthday, and is a sequel to Property, Freedom, and Society: Essays in Honor of Hans-Hermann Hoppe
Capital markets, monetary policy, fiscal policy. The extent to which these three factors intertwine is of no small consequence to the American economy.
Keynote Lecture by Jesús Huerta de Soto at the 8th Conference on Austrian Economics, Madrid, October 24, 2024
In the run-up to the inauguration of Donald J. Trump as 47th president of the United States, political activists, frustrated by the fact that Kamala Harris lost the election, have attempted to revive the argument that the Fourteenth Amendment precludes Trump from taking office.
