Media Asset
Author:
Jeff Deist
Robert P. Murphy
Online Publish Date:
Economist Robert Murphy joins the show to cover Rothbard’s excellent treatment of money in Chapter 11 of Man, Economy, and State . Dr. Murphy and Jeff cover why “hoarding” money is socially beneficial; why the velocity of money (and the famous MV=PT equation) is a useless concept, and how new money in society is never neutral. How and why does