John Paul Koning

Articles

High-Frequency Trading: Menger vs. Walras

03/08/2012 Mises Daily John Paul Koning

While Carl Menger and Léon Walras simultaneously discovered the principle of marginal utility, their ideas about the nature of market prices are very different.

How the Fed Helped Pay for World War I

02/12/2021 Mises Daily John Paul Koning

Just as kings debased coins to help pay for their wars, the Fed used inflation to help pay for US participation in World War I. It did so by creating and issuing dollars in return for government debt.

The Losing Battle to Fix Gold at $35, Part II

03/31/2009 Mises Daily John Paul Koning

Much like the US's decision to save Bretton woods by coercing South African gold sales, today's governments will resort to ever more authoritarian measures rather than allowing their pet institutions to fail.

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