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Money: Sound and Unsound
Publication
Author: Joseph T. Salerno
Online Publish Date:
Category: Money and Banks
Ludwig von Mises said that there can never be too much of a good theory. Salerno proves it in this sweeping and nearly comprehensive book on applied Austrian monetary theory. He uses the Mises/Rothbard theory of money to reinterpret historical episodes, reevaluate the history of thought, closely examine the Federal Reserve policy, seek out cause
War and the Money Machine: Concealing the Costs of War beneath the Veil of Inflation
Publication
Author: Joseph T. Salerno
Online Publish Date:
Category: Inflation, War and Foreign Policy
Salerno, Joseph T., “War and the Money Machine: Concealing the Costs of War Beneath the Veil of Inflation,” The Costs of War: America’s Pyrrhic Victories , ed. John V. Denson (New Brunswick, NJ: Transaction Publishers, 1997), chap. 17, pp. 367–87. Reprinted in Money: Sound and Unsound , ed. Joseph T. Salerno   (Auburn, AL: Mises Institute, 2010),
Ludwig von Mises as a Social Rationalist
Publication
Author: Joseph T. Salerno
Online Publish Date:
Salerno, Joseph T., “Ludwig von Mises as Social Rationalist,” Quarterly Journal of Austrian Economics 4 (1990): 26–54. From The Review of Austrian Economics Vol. 4 (1990): 26–54. For the most part Ludwig von Mises’s writings on society and social evolution have been ignored by the participants in the current revivals of both Austrian economics
The Rothbard Reader
Publication
Author: Joseph T. Salerno Matthew McCaffrey
Online Publish Date:
From the Introduction by Joseph T. Salerno and Matthew McCaffrey. Few economists manage to produce a body of work that boasts a serious following twenty years after their deaths. Murray N. Rothbard is a rare exception. More than two decades since his passing, his influence lives on, both in the work of a new generation of social scientists, and
Nation, Migration, and Trade: Essays on Mises and the Classical Economists
Publication
Author: Joseph T. Salerno
Online Publish Date:
Category: Protectionism and Free Trade
1. Mises on Nationalism, the Right to Self-Determination, and the Problem of Immigration 1. Introduction In the current discussion about immigration, Ludwig von Mises is often invoked by libertarians as a staunch proponent of free trade in the broad sense that pertains to the free movement of goods, capital, and labor. Mises has even been
Greedflation on Stilts—or the Fed on Steroids?
Power & Market
Author: Joseph T. Salerno
Online Publish Date:
A Los Angeles Lakers jersey worn by basketball legend Wilt Chamberlain is expected to sell for more than $4 million in a forthcoming Sotheby’s auction .  Chamberlain wore the jersey in the fifth game of the 1972 NBA championship series between the Lakers and the New York Knicks, which was won by the Lakers.  The previous record for Chamberlain
Murray Rothbard versus the Progressives
Mises Wire
Author: Joseph T. Salerno
Online Publish Date:
Category: Libertarianism, Progressivism, Strategy
There has been a radical change in the social and political landscape in this country, and any person who desires the victory of liberty and the defeat of Leviathan must adjust his strategy accordingly. New times require a rethinking of old and possibly obsolete strategies. —Murray N. Rothbard Murray Rothbard wrote the above words in 1994, shortly
GMU Economics Department Takes a Stand against the DEI Agenda in Academia
Power & Market
Author: Joseph T. Salerno
Online Publish Date:
Nineteen current and emeritus members of the George Mason University economics department have taken a heroic stand against the attempt by Leftist faculty members and administrators to undermine American academia’s long-standing commitment to academic freedom and intellectual merit.  Their Statement of Commitment to Academic Freedom and to
Larry Summers Apologizes for his Rothbardian Insight and George Selgin Exhales
Power & Market
Author: Joseph T. Salerno
Online Publish Date:
Larry Summers affirms the Rothbardian critique of fractional-reserve banking on Twitter... SVB committed one of the most elementary errors in banking: borrowing money in the short term and investing in the long term. When interest rates went up, the assets lost their value and put the institution in a problematic situation. https://t.co/HxsgqpZOuL
The “True” Money Supply: A Measure of the Supply of the Medium of Exchange in the U.S. Economy
Austrian Economics Newsletter
Author: Joseph T. Salerno
Online Publish Date:
Category: Money and Banking, Money and Banks
The “True” Money Supply (TMS), developed by Professor Murray Rothbard and myself, is an admitted imperfect attempt to provide a statistical measure of money that is consistent with the theoretical definition of money as the general medium of exchange in society. Measure of the U.S. money stock in current use in economic and business forecasting